In 2024, the U.S. retail sector demonstrates resilience, experiencing a notable rebound in many markets. IRR’s research highlights a positive trend, revealing that less than a quarter of markets are currently in recession, while a combined 63% are either in the process of recovering or expanding. This data signals a more optimistic outlook than initially anticipated. Property management, analysis, and consulting services play a pivotal role in navigating this positive shift, offering hands-on management of day-to-day needs to full-service office and professional managerial support and staffing.
The challenges posed by oversupply and the influence of e-commerce are being met with adaptive measures within the retail sector. The growth in sectors such as dining, groceries, and health products aligns seamlessly with shifting consumer preferences. Notably, the growth of e-commerce has now stabilized, presenting new opportunities for brick-and-mortar stores to thrive. The strategic implementation of property management services becomes increasingly crucial in capitalizing on these evolving trends, providing tailored solutions to navigate the changing retail landscape.
As the retail sector enters 2024, it stands at an intriguing juncture. With occupancy rates stabilizing and many markets witnessing rental increases, there is a renewed sense of optimism. Property management, analysis, and consulting services become essential tools for stakeholders looking to delve into an in-depth analysis of these emerging trends and understand their profound impact on the retail environment.
For a comprehensive examination of these dynamics, click here to download the complete IRR 2024 Viewpoint Retail Report. (You can quickly create a free account with to read the IRR in-depth research reports)