Though commercial real estate news remained sparse this Thanksgiving weekend as Americans stuffed their faces and then recovered from food and family, Bisnow gathered a handful of major headlines you likely missed due to Turkey Day.
1. Physical And Online Retailers Thrive During Black Friday Mania
One thing was clear during this year’s Black Friday frenzy — consumers were swimming in online deals, with physical retailers joining the fray. Brick-and-mortar stores offered promotional deals in stores that drew consumers from behind their computer screens, as well as catered to consumers’ insatiable appetite for online deals.
Market research firm Customer Growth Partners predicts Black Friday sales came in at $33B, a 4.8% jump compared to 2016. Consumers are expected to close out the year on a high note, with sales through November and December jumping 4% to $682B — the strongest season since 2014, according to the Wall Street Journal.