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Cheap sells — at least at the grocery store. Discount chains such as German-born Lidl and Aldi, as well as domestic brands like Grocery Outlet and Dollar General, have been on an expansion clip as of late. In the past year in the U.S., Aldi has opened or signed a lease for 117 locations totaling 1.97 million square feet, and is set to open 120 more this year, 60 of which it has already unveiled.
At the neighborhood and building levels, and even in the design of the floors of buildings, choosing adaptability and flexibility can help cities thrive.
Bed Bath & Beyond sold 109 of its leases, with Burlington Coat Factory set to take over the most, in a June 26 auction.
When consumers had no choice but to work out at home during the pandemic, fitness centers were one of the most significant tenant risks. Both mom-and-pop gyms and those that relied on niche fitness were viewed as a sector that wouldn’t survive until people left their homes.