1、September,2022How Population Growthis Impacting Retail in 6US CitiesThis report focuses on six cities Fort Myers,Denver,Las Vegas,Austin,Boise,and Phoenix that are seeing a rise in populationcoupled with a high-value retail real estate market.Brick-and-mortar retail is back.More than two years after

2、 the first COVID-inducedlockdowns,occupancy of new retail assets is now at an all-time highs.Storefronts made upthe bulk of new retail inventory added in Q2 2022,and cities with growing populations areseeing a particularly marked retail resurgence.The increase in residents is driving certain similar

3、 real estate patterns across the six citiesfeatured in this report.But as each region has its own unique character,their growth is alsocreating commercial opportunities specific to each locale.Certain cities are seeing movietheaters visits surge,while other areas are seeing a strong office recovery

4、and somedistricts are simply seeing grocery visits skyrocket.This white paper draws on Crexis commercial real estate data insights and Placer.ais foottraffic intelligence to show how recent migration trends and overall population growth areuniquely impacting the local retail space in six growing cit

5、ies.Keep reading to find outwhich up-and-coming markets made the cut,what is driving retail recovery in each area,and unique ways CRE players can capitalize on these changes.Population and Retail Real Estate TrendsPopulation growth is driving similar retail real estate and dining foot traffic patter

6、ns in thesix cities featured in this report.Population GrowthEach city selected for this report is located in a county that has experienced a substantialpopulation increase over the past three years.Though some gained more residents thanothers,all counties saw growth rates significantly above than t