Burlington, Mass. -- KeyPoint Partners has released The KeyPoint Report for Eastern Massachusetts/Greater Boston 2013. The report examines supply, occupancy, absorption and retailer expansion and contraction for virtually every retail property in the region. The 2013 report also includes a ten-year historical perspective that discusses the regional retail economy before, during and since the recession.
“This was a recovery year,” Sheehan says. “This study saw the largest vacancy rate drop in more than a decade; the second strongest absorption rate since 2005; fewer large format chain closing; and moderately healthy expansion by retailers.”
Restaurants topped the rankings in new square footage and store count growth. Food stores/grocery ranked second and health and fitness ranked third.
Click here for the report.