Charting Change: Final Analysis of Net Store Change from 2022 to 2023 /  by Duane Stiller

The final chart in the Charting Change series outlines changes in (GLA) for companies with 15+ locations in Florida across various retail sectors between 2022 and 2023.

The GLA absorption in 2022 was significant at 3.8 million square feet, but 2023 was drastically lower at 0.7 million square feet, a decrease of 81% primarily caused by Bed Bath & Beyond and Tuesday Morning exiting the market.

“... a decrease of 81% primarily caused by Bed Bath & Beyond and Tuesday Morning exiting the market. ”

Notable Highlights

  • Grocery / Warehouse Club / Liquor sector had the highest increase in GLA.

  • Home Furnishings / Appliance sector experienced the largest decrease in GLA.

  • Discount, Apparel, Fitness, and Home Improvement / Hardware saw significant increases in GLA.

  • The Pharmacy / Beauty Supply sector and the Office Supply sector both experienced declines in GLA across the observed years.

Congratulations Courtney Turner /  by Duane Stiller

Woolbright extends a hearty congratulations to Courtney Turner on her well-deserved promotion to Acquisitions Associate!

Courtney has been an integral part of the Woolbright team for over 11 years, initially joining as a Lease Administrator. From the outset, Courtney has demonstrated exceptional dedication to mastering the nuances of the Leasing division. Her commitment to continuous improvement and enhancing operations at Woolbright is evident in her proactive approach.

Woolbright's AI Revolution: Doubling Down on Innovation! /  by Mauricio Abela

Exciting news from Woolbright: we're taking our AI game to the next level! 🚀

We're thrilled to announce that we're doubling our current AI team count. This bold move is a testament to our commitment to pushing the boundaries of innovation and shaping the future of technology.

Today, we welcome Ramon Castro, our first new addition to the team. Ramon has a master’s degree in corporate business from Florida International University and is nearing completion of a bachelor’s degree in Data Analytics from the Miami-Dade College. 

Florida Box Openings & Closings: March 2024 /  by Duane Stiller

Openings: 27 stores

Ace Hardware: 1
Barnes & Noble: 1
Burlington: 3
CVS: 2
Dollar General: 3
Dollar Tree: 5
Five Below: 1
Key Food: 3
Michaels: 2
Pet Supermarket: 1
Publix: 3
Ross: 1
Target: 1

Closings: 18 stores

Best Buy: 1
Bravo Supermarket : 1
Burlington: 1
CVS: 3
Family Dollar: 3
Habitat for Humanity: 1
Kirkland’s: 1
Office Depot: 1
Retro Fitness: 1
Save-A-Lot: 1
Staples: 1
Walgreens: 3

Texas Box Openings & Closings: March 2024 /  by Duane Stiller

Openings: 49 stores

Ace Hardware: 3
At Home: 1
Bealls: 1
Dollar General: 7
Dollar Tree: 10
EOS Fitness: 1
Family Dollar: 3
Five Below: 5
H-E-B: 2
Hobby Lobby: 1
Homesense: 1
Sprouts Farmers Market: 1
Walgreens: 13

Closings: 20 stores

Chuck E Cheese: 1
CVS: 1
Family Dollar: 8
Five Below: 1
Food Town: 1
LA Fitness: 1
Office Depot: 1
Office Max: 1
Old Navy: 1
Pet Supermarket: 1
Petco: 1
True Value Hardware: 1
Walgreens: 1

South Box Openings & Closings: March 2024 /  by Duane Stiller

South includes: AL, GA, NC, SC, TN, VA

Openings: 62 stores

Academy Sports: 1
Ace Hardware: 5
Aldi: 4
Bargain Hunt: 1
Barnes & Noble: 1
Burlington: 2
Dick’s Sporting Goods: 1
Dollar General: 17
Dollar Tree: 8
Family Dollar: 1
Farmers Home Furniture: 1
Five Below: 4
Golf Galaxy: 1
Hobby Lobby: 1
HomeGoods: 2
Life Time Fitness: 1
Marshalls: 1
Nordstrom Rack: 2
Ollie’s Bargain Outlet: 1
Planet Fitness: 1
Publix: 2
Ross: 1
Sky Zone Trampoline Park: 1
Tractor Supply: 1
True Value Hardware: 1

Openings: 38 stores

Bargain Hunt: 1
Best Buy: 1
Burlington: 2
CVS: 1
Dick’s Sporting Goods: 1
Dollar General: 4
Family Dollar: 8
HomeGoods: 1
Kirkland’s: 1
Office Depot: 1
Office Max: 1
Rooms To Go: 1
Staples: 1
True Value Hardware: 7
Walgreens: 7

Florida Box Openings & Closings: February 2024 /  by Duane Stiller

Openings: 26 stores

Ace Hardware: 1
Aldi: 1
Barnes & Noble: 1
Burlington: 1
Costco: 1
dd’s Discounts: 2
Dollar General: 6
Dollar Tree: 2
EOS Fitness: 1
Five Below: 1
GFS Marketplace: 1
Habitat for Humanity: 1
Pet Supplies Plus: 1
Publix: 5
Whole Foods: 1

Closings: 17 stores

Badcock Furniture: 1
Big Lots: 1
Citi Trends: 1
CVS: 1
Dollar General: 3
DSW Shoe Warehouse: 1
Family Dollar: 1
Greenwise: 1
Habitat for Humanity: 1
Kirkland’s: 1
Old Navy: 1
Party City: 1
Publix: 2
Sears Appliance: 1

Texas Box Openings & Closings: February 2024 /  by Duane Stiller

Openings: 41 stores

Ace Hardware: 2
Blink Fitness: 1
Burlington: 3
dd’s Discounts: 3
Dollar General: 12
Dollar Tree: 10
Family Dollar: 1
Five Below: 3
H-E-B: 1
Home Depot: 1
IKEA : 1
Pet Supplies Plus: 1
Tom Thumb: 1
Tractor Supply: 1

Closings: 19 stores

Albertsons : 1
Barnes & Noble: 1
Bealls: 1
Big Lots: 3
Burlington: 3
CVS: 1
Dollar General: 1
Family Dollar: 1
Five Below: 1
Kirkland’s: 1
LA Fitness: 1
Randalls Supermarket: 1
Save-A-Lot: 2
Tom Thumb: 1