Boston's shopping districts might not have the historical cachet of Fifth Avenue or Rodeo Drive, but they are starting to attract the same type of retailers that might have previously overlooked the city. Newbury Street and the Seaport have seen tenants duke it out for dwindling vacancy as Boston's booming life sciences and education sectors bring in more shoppers and feet on the street. Even as red-hot inflation hangs over the retail sector — along with the Federal Reserve's efforts to cool the economy and the industry bracing for a recession — Boston retail experts say that the city is well-positioned for long-term growth.
“Newbury and the Seaport, in particular, had some of the fastest foot traffic recovery in the country because people live here, work here and there’s a lot of things to do,” JLL Head of Americas Research Strategy Julia Georgules said at… Read the full story here. |