The Biggest Issue for Grocery Developers
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“The biggest struggle developers are having is finding the right piece of land.”
ATLANTA—Specialty grocers are making a big impact on the commercial real estate market. How big? Bryan Belk, director of Franklin Street, discussed these realities in part one of our exclusive interview.
In this installment, he takes a deeper dive. Belk discusses the hottest markets in the Southeast for specialty grocer expansion, as well as the largest challenges for developers in this space and how sales trends will lean in the quarters ahead.
GlobeSt.com: What are the hottest markets in the Southeast for specialty grocer expansion?
Belk: Like most development in this market, we are seeing the expansion in the core markets like Atlanta, Charlotte, and Miami, but we are starting to see expansion into the secondary markets. Whole Foods and Sprouts are starting to open several locations in Alabama, for example…
