Consumer confidence in Massachusetts is at the highest level in over 15 years, according to a report by the Retailers Association of Massachusetts. This echoes positive consumer sentiments in most areas of the country. Analysts cite a combination of supportive conditions behind the trend, such as strong employment, stock market gains, increases in home equity, and general economic progress.
Merchants throughout Massachusetts and around the nation are optimistic about the 2017 holiday shopping season. Mild weather, combined with a 5-weekend span between Thanksgiving and Christmas, should give merry-minded consumers ample opportunities to shop local stores.
The boost can’t come too soon for brick-and-mortar retailers who have been battered by changes in consumer spending habits and online competition. While much of the Boston Metro retail sector has held its own throughout these paradigm shifts, the 2017 holiday shopping season represents the best hope for sales growth in several years.
Small businesses in the Boston Metro, and around Massachusetts, play a vital role on our state economy. According to statistics published by MassLive, every dollar spent in Massachusetts returns 68 cents to local economies. Overall, small businesses employ 1.4 million Massachusetts residents, accounting for 46.4% of all employees in the state!
When you shop and dine at local small businesses, you contribute to the economic vitality of your community, and support jobs throughout Massachusetts. In turn, a robust commercial district helps support local tax bases, and can enhance nearby property values! Shop local this holiday season, and return to your local merchants year-around.
When you are ready to begin, relocate or expand your business in the Boston Metro, team up with the Jay Nuss Realty Group! Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property.
Contact us today for expert guidance!