Figure

Philadelphia Retail Figures Q2 2022

01 Jul 2022

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  • In the face of inflation, retailers remained bullish in the region as consumer spending remained robust. As such, overall availability was as at a 3-year low.
  • Regional retail employment was generally recovered from pre-pandemic levels while leisure & hospitality lagged, specifically in the food & beverage sector.
  • Retail investment sales volumes continued to climb in the region as investors look to alternate options other than industrial and multifamily to place funds.