Charting Change: Final Analysis of Net Store Change from 2022 to 2023 /
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.
Charting Change - Hobby/Pet Supply: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Charting Change - Books & Music/Entertainment/Sporting Goods: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Charting Change - Office/Pharmacy: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Congratulations Courtney Turner /
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.
Charting Change - Home Furnishings: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Woolbright's AI Revolution: Doubling Down on Innovation! /
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.
Woolbright nearing approval of $100M mixed use multi-family project in Palm Beach County /
Woolbright is converting 8 acres originally zoned retail into about 300 apartment units at the intersection of Northlake Blvd and Federal Highway in Lake Park. Construction of the project is expected to start in late 2024.
Woolbright announces plan to sell $350M of prime Florida Centers in 2024 /
Woolbright has begun the sale process for 7 shopping centers located throughout the major metropolitan areas of Florida. The full marketing kick off will be showcased at the May 2024 ICSC conference in Las Vegas.
Charting Change - Home Improvement: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Florida Box Openings & Closings: March 2024 /
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 /
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 /
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
Charting Change - Grocery: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Charting Change - Furniture: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Charting Change - Discount: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Charting Change - Fitness: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Charting Change - Apparel: Net Store Change in 2022 vs 2023 /
Chart includes companies with 15+ locations in Florida. Companies with zero net store change in both 2022 & 2023 are excluded.
Florida Box Openings & Closings: February 2024 /
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