The Changing Retail Trend in Response to Boston’s Luxury Real Estate MarketMay 5, 2018
As the demand for luxury real estate changes due to demographics, so does the demand for retail. In areas where Boston luxury homes are designed to appeal to millennials, retailers quickly adapt to the needs of the residents in the area.
Younger residents typically bring trendy, specialty boutiques versus shopping malls and enormous retail stores. Even eateries and restaurants change from one area to another. Big chain restaurants try to follow the trend and open smaller, livelier, trendier eateries to attract neighborhood residents.
To see this Boston luxury real estate trend played out, take a look at the Seaport, Fort Point Channel and parts of South Boston. Driving down Seaport Boulevard, with many newly built luxury residential towers, you can see the new trendy store fronts, bistros, cafés, sports bars, salad/sandwich/juice bars, yoga and health clubs -- all of which are quite popular with the residents of these Boston luxury homes. These new trendy places often times attract a lot of traffic from other areas of the city as well, partly because they’re new, different and full of buzz.
As a result of all the new Boston luxury homes developments in different neighborhoods, it makes exploring Boston much more interesting, diverse, fun and exciting. Each area not only has its only charm and appeal, but it gives Boston residents a lot to pick and choose from. Variety is the spice of life!