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JLL’s Retail Q3 Outlook 2023

JLL’s Retail Q3 Outlook 2023

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Trends in the report:

  • Retail sales rose for the sixth straight month, increasing 0.7% from August
  • Demand remains on par with levels seen during the first half of the year
  • Some traditional mall tenants have announced plans to relocate some of their mall stores to open-air neighborhood and community centers with higher foot traffic
  • Major metros see positive rent growth with strongest in Sunbelt markets
  • Tenants who have been most active in expansions include discounters and QSRs. In fact, F&B tenants accounted for almost 20% of all leasing activity in the last year
  • Spending on experiences sees continued growth
  • Retail sees strong M&A activity in Q3 and transaction volume on par with previous quarter

This quarter, we also included a full section on “Malls” and an update on all types of malls and centers. Page 21 – 30.

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The 2024 virtual Men’s Round Table will be held Q4, 2024, date TBD.

2024 Virtual Men’s Round Tables

2023 Virtual Men’s Round Table was held on November 7th, 2023 via Zoom.


2024 Virtual Women’s Round Table

2023 Women’s Round Table #1 was held on October 20th, 2023 via Zoom


Chicken Salad Chick in unique position to expand

With few other chicken salad restaurants on the market, Chicken Salad Chick describes the business as “a category of one.” Chicken Salad Chick finished last year with 255 locations and expects at least 40 openings in 2024, and it envisions a total addressable market of

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