Preference for brick-and-mortar shopping heightens retail activity
- Increasing retail sales and traffic into Columbia brick-and-mortar shops bodes well for ongoing shop success
- Columbia retail vacancy rates have steadily decreased over the past year to 4.75%
Brick-and-mortar shops are gaining momentum due to a preference to test or try-on items in a physical shop prior to purchasing, an easier in-person return process, the potential of delayed shipping and privacy concerns with e-commerce. According to the U.S. Department of Revenue, year-over-year Columbia retail sales in November increased 19.64% in the Columbia submarket.
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