As we near the end of the year, there is a glimmer of hope: the COVID-19 vaccine has arrived in many states across the country and there is finally, after months of discussion, a distribution plan in place to get citizens vaccinated as soon as possible.
We all know that 2020 has brought about many changes in the way people live—and where they live. With the ability to work from anywhere, many people have begun to rethink their priorities when it comes to deciding on the place they choose to call home…and why.
There continue to be many widespread impacts of the coronavirus pandemic, and one we’ve been talking about a lot lately both here on the SiteSeer blog and with our clients is population migration.
If you’ve followed the SiteSeer blog for any amount of time, you know that at SiteSeer, we believe in blending art with science when making market and site decisions. A retailer or other business simply cannot expect that they’ll have wild success by throwing a dart at a map to choose their next location, nor can they pick locations based solely on what their forecasting models and site selection software tell them will be winners.
With COVID-19 shaking up the brick-and-mortar world, many expect that shopping center owners will having many vacancies on their hands in the months and years to come. For those whose job it is to fill those vacancies, wading through struggling and bankrupt chains to find businesses that are still seeking expansion opportunities will be a challenge.
If you’ve been following along, you know that during the months of April and May, SiteSeer was reporting weekly unemployment claims as a percentage in major metropolitan and micropolitan areas across the country. (Read our updates from 4/29, and for the weeks ended 4/27, 5/2, 5/9, 5/16, and our 6/26 update).
Coronavirus has changed the way we live, work, shop and interact—and most of us are wondering how life will ever return to normal.
There are times that it makes good sense for a chain business to expand, and there are times it makes sense for that chain business to expand in a different way than they have in the past (to better reach customers).
It’s that time of year when those of us in the business of retail real estate research are looking backward at the year prior. What retail categories grew? Which ones shrank? SiteSeer’s data partner, ChainXY, provides insights into over 4,500 chains in the United States and Canada. We dug into their three broad areas (retail, restaurant and services) to collect a snapshot of how chains that existed on January 1, 2019, grew or shrunk over the year.