Mar
21

Carolinas Retail Market Recovering

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The retail market in the Carolinas is one of recovery and creative possibilities. That theme will resonate at this year’s ICSC Carolinas Show in Charlotte, currently underway at the Charlotte Convention Center.

Cities in the Carolinas that lead population growth are beginning to attract investors from more overbuilt markets in the U.S. and from larger cities where competition has driven down returns. Key cities in the Carolinas attracting retail investors include Charlotte, Raleigh-Durham, Chapel Hill and Charleston.

The South Carolina retail market has experienced substantial activity following the last economic downturn, as many of the big boxes left vacant during the recession have since been filled. The vacancies left dark by national closures such as Linens ’n Things, Circuit City and Goody’s provided a unique opportunity for retailers to pursue a flight-to-quality at what would be considered a value price.

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