The Reel

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A blog for breaking sales and neighborhood real estate news.

By: Brendan Gotch, Director of Retail Leasing

E-commerce is quickly capturing a large share of the retail sales market across the United States. A recent report by Cassidy Turley shows that internet usage has increased by 1.5 billion people in the last 10 years alone. This has translated into a 10% increase in e-commerce in the last five years, now representing 5.4% of all retail sales in the United States. Analysts project that this figure will grow to 30% of all retail sales in the US in the next 30 years. The combination of this internet surge and improvements in mobile technology are making it easier to purchase goods without ever entering a store. The impact on brick and mortar retail stores is substantial, however, it is not strictly negative, nor is it evenly distributed across varieties of retailers.

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Neighborhoods: Greenwich Village