One of the Few US Metros Witnessing Growth: In a surprising turn of events, a recent report highlights a nationwide decline in brick-and-mortar retail. Despite this trend, one city in Alabama is defying the odds. Let’s delve into the details.
Mobile, Alabama sees increasing brick-and-mortar retail
In the decade spanning from 2011 to 2021, the United States witnessed a substantial decline of 60,000 retail stores, marking a 12.6% reduction in stores per capita. Major cities such as Seattle, San Francisco, Austin, and Washington DC experienced even more significant losses, reaching up to approximately 23% per capita. The convergence of factors like the surge in e-commerce and the impact of COVID-19-induced closures contributed to this notable trend.
However, amidst this national decline, the South emerged as a region experiencing comparatively milder reductions in brick-and-mortar retail. Remarkably, only one metropolitan area reported an increase in retail stores: Mobile, Alabama.
Mobile showcased a unique resilience, displaying a modest but notable +.01% percentage increase in retail stores per capita and a more substantial +.06% percentage increase in overall retail stores. In a study encompassing nearly 400 U.S. metros, Mobile stood out as one of the nine locations that demonstrated a positive trend in retail store rates.
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Over the period from 2011 to 2021, Mobile gained a total of 9 retail stores, reaching a count of 1,481 in 2021. Other cities sharing this positive trajectory included Salem, Ohio; Lumberton, North Carolina; London, Kentucky; and five additional locations.
More retail on the way for Mobile
Exciting news for Mobile as the City unveils plans for a transformative projectRiver Walk Plaza, a dynamic mixed-use waterfront development. With an estimated value of $100 million, this project is poised to enhance Mobile’s vibrant community further. The groundbreaking for River Walk Plaza is anticipated to take place in 2025, marking a significant step toward the city’s ongoing growth and development.
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Our Reader’s Queries
What is the fastest growing city in the U.S. 2023?
1. Fort Worth saw a boom in population with an increase of 19,170.
2. Phoenix followed closely with a growth of 19,053 new residents.
3. San Antonio also experienced a significant increase of 18,889 people.
4. Seattle rounds out the top four with a rise of 17,749 inhabitants.
Overall, these cities are leading the way in population growth in America.
What is the fastest growing state in USA?
Texas saw the biggest increase in population in the country, gaining 473,453 new residents. Florida came in next, adding 365,205 people. In 2023, South Carolina and Florida were the fastest-growing states, with growth rates of 1.7% and 1.6% respectively.
What are the fastest growing portions of U.S. urban areas?
Houston, Texas and Sarasota-Bradenton, Florida are bustling cities in the southern part of the United States. San Antonio and Dallas-Fort Worth in Texas, along with Phoenix, Arizona, are also centers of activity and growth. Houston’s current population is 1,608,139, and Nashville, Tennessee is home to 715,884 people. Charlotte, North Carolina has a population of 874,579, and Denver, Colorado is home to 715,522 residents.
What is one of the fastest growing segments of the US population?
Based on analysis of the population growth rate and estimates from the U.S. Census Bureau, it’s evident that the population of people over 85 is growing the fastest.