Brokers, owners and developers active in the Mid-Atlantic’s retail sector describe a market buoyed by a strong consumer base, though the landscape varies somewhat across urban and suburban areas.
Even as the Mid-Atlantic contends with higher interest rates and a drop in daytime traffic within urban centers as a result of new work-from-home practices, retail in the region continues to shine.
According to sources interviewed for this article, the market — despite these economic headwinds and uncertainties — is thriving and as strong as ever. As Richard Lake of Roadside Development summarizes it, “it’s a very strong market with tight vacancy.”
