In a January 11 article appearing in The Business Journals, Ashley Fahey, Editor of The National Observer: Real Estate Edition, wrote, “Despite lingering uncertainty in the economy, some retailers are preparing to roll out robust expansion plans in 2023 and subsequent years.”  She pointed out that Dollar Tree and Dollar Tree Inc.-owned Family Dollar could add “5,000 or more store openings under both brands by the end of 2024”, and Bank of America Corp., based in Charlotte, North Carolina, “is on track to open 500 new bank branches in the coming years.”

Fahey also explains challenges exist to retailers seeking expansion, most notably the vacancy rates which have become tighter, offering tenants very limited choices in many U.S. markets due to a decline in new retail development over the past decade.  Click here to read the full article:  Dollar Tree and Bank of America among tenants still looking to expand in an uncertain 2023