Retail Market Report
Special thanks to the Edmond Economic Development Authority for contributing to this survey Table of Contents 1 Market Overview 4 Quick Hits 6 Edmond Submarket 9 Retail Building Permits 10 Retail Alteration Permits 13 Edmond Area Retail Lease Transactions 14 Edmond Area Retail Sales Transactions Cover photo: Shop Good / www.shopgoodokc.com / @shopgoodokc Cover Photography: Lindsey Torres www.lindseytorresphotography.com / @lindseytorresphotography The information contained herein has been obtained from reasonably reliable sources. Price Edwards & Company makes no guarantee, either expressed or implied, as to the accuracy of such information. All data contained herein is subject to errors, omissions and changes. Reproduction in whole or in part, without prior written consent is prohibited. 2021 will be the year of retail recovery, but it will be a very uneven, choppy recovery. Thank God for the end of 2020. Nearly 12,000 store closures and Ulta’s sales are up, Lululemon saw a 22 percent third quarter numerous bankruptcies only tell part of the story. Have no doubt, increase. These types of tenants and their sales have driven there is more to come. Expect more closures and bankruptcies in overall sales growth. the first half of 2021 as a number of tenants, particularly small shop tenants, restaurants and entertainment concepts have stretched But the pain is real for the retailers in the other 40 percent. as far as they can stretch. 2021 will be the year of retail recovery, These are the tenants that have closed stores, downsized and but it will be a very uneven, choppy recovery. declared bankruptcy – Guitar Center, Lord & Taylor, Ascena, Brooks Brothers, JCP, J Crew, and Pier 1 – all storied names in Unbelievably, overall retail sales will increase nearly one percent retail have declared bankruptcy.
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