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Food & Service Retail: Small Retail has Big Potential

Small-format, convenience-oriented, open-air, food and service shopping centers are proving to be a thriving, internet-resistant segment of the retail sector and a compelling investment opportunity. So writes Managing Director on Crow Holdings’ Food & Service Retail team Sterling Hillman in the November issue of Institutional Real Estate Americas. Check out the full article for more information about the sector and its trends.


  • The total amount of retail space under construction in the United States has declined for three consecutive quarters and remains near the lowest levels of the past decade.
  • Per Cushman & Wakefield, the first quarter national vacancy rate measured at 5.6 percent, the lowest since at least 2007, when the firm’s data tracking began.
  • The U.S. consumer economy is increasingly rooted in convenience, and a segment of retail that appears the best positioned to accommodate this closer-to-consumer demand is “lifestyle retail,” also known as “essential,” or “food and service” retail.
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