Luxury Retailers Double Down on US Expansion, Including Moves Into Smaller Markets

Luxury retailers have dramatically ramped up their expansion in the United States, opening stores in new areas of major cities and establishing a presence in smaller untapped but growing markets, such as Austin, Texas, and Nashville, Tennessee.

A new report by brokerage JLL, “For the Love of Luxury: The Renaissance of Luxury Retail in the United States,” describes the strong rebound in the wake of the peak of the pandemic. That surge is in line with strong leasing demand seen earlier this year by a CoStar analysis. Read more at CoStar.