Retail Industry Trends: What Lake Havasu Investors Need to Know

Investors tend to think of tourism when it comes to Lake Havasu real estate investments. While tourism is a significant factor in the local economy, there is more to consider. The evolution of Lake Havasu retail has given rise to a dynamic landscape with attractive CRE opportunities for investors. However, you need to stay current with the latest retail industry trends. This post will explore retail trends for Lake Havasu CRE investors.

The Latest Lake Havasu Retail Industry Trends

Tourism Remains a Major Force

The local tourism industry is growing. Lake Havasu is a popular destination for outdoor recreation, so tourism will always be a force shaping local retail. However, with tourism come the inevitable seasonal fluctuations. Investors must expect spikes during peak season and around popular Lake Havasu events. Vacation activities directly shape retail trends, with high demand for outdoor gear, swimwear, and tourism amenities. Visitors also look for dining and entertainment options that may differ from those of local consumers.

Local Demographics

While tourism will remain a driver in Lake Havasu retail, the year-round population is growing. That trend creates a more balanced retail economy where the off-seasons aren’t as slow as in the past. Lake Havasu City is seeing an influx of retirees and remote workers moving to the area. That should increase demand for grocery stores, restaurants, and year-round shopping. Its popularity among retirees results in an older-than-average population. There could be unique opportunities for retail investors catering to retirees and professionals.

The Impact of eCommerce

Broader retail trends may also influence CRE sectors outside of retail real estate. For instance, eCommerce is creating significant shifts in consumer behavior. More people buy online for convenience instead of going to retail locations. This trend could spur development in distribution centers, warehouses, and logistics facilities. It may also give rise to retailers needing flexible spaces that offer a hybrid shopping experience. That means spaces that can handle in-person shopping, online distribution, and pick-up facilities.

Interest in Community Shopping

While people are turning to online shopping for convenience, another segment of consumers prefers local shops. People might like shopping online or going to large malls but also want convenient shopping near their homes. Consumers especially like walking to small community shopping centers with various retail and dining options. This trend could present opportunities for investors to develop mixed-use projects with retail and residential real estate. It could also increase the value of existing strip malls or standalone locations near residential areas.

Are you interested in Lake Havasu commercial real estate? Click here to contact Shuffler Commercial Real Estate. Our team has the knowledge and experience to guide you through the Lake Havasu CRE market. Reach out now to learn more about our services.

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