2021 began strong for St. Louis retailers, with sales increasing by 5.8%* – the best we’ve seen since the previous October. With all sectors of retail growing continually, it was reported that there was an 11% increase in brick and mortar sales.* Overall, the retail sector has seen improvement, however, it’s not growing at the same rate for all categories in our region. Big box retailers, DIY, Discounters etc., continue to do well for in-person shopping, while for soft goods, such as apparel are the needle is moving very slowly.
Of course, internet shopping is still going strong, but it has slowed from the insurgency we saw in the early pandemic stages of early to mid 2020. It is apparent, shoppers are returning to physical stores, as it is reported that shoppers are suffering from online fatigue and yearn for a a physical experience of going out and interacting with items and people. Good news for retail real estate!
St. Louis Metro Retail Real Estate Post-Pandemic Is Looking Good