Excerpted from GlobeSt.com story.
“As retail reemerged from the Great Recession, we saw leaner and more consumer-driven concepts,” Terrence Hart, the tenant/landlord representation broker leading Franklin Street’s Orlando retail division, tells GlobeSt.com. “Meanwhile, there has been a major shift in consumer shopping habits led by a mass influx of the Millennial generation. This generation has fully entered the mainstream workplace and now have more discretionary income than any other generation before them. Their alternative buying habits are having an enormous impact on retailers.”
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