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The retail market, on the other hand, will continue to be reshaped by changing demographics, consumer expectations, and omnichannel retail. Prime retail real estate will do well in 2018, but less desirable locations face diminished performance, as the bifurcation of retailing continues.
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But retail stores aren’t seeing the same boost in traffic – at least not yet. And some say the construction is actually hurting business. Joy Demesa, who works at 21-year-old Furniture House at 170 Flatbush Avenue, said customers have trouble parking near the store as a result of construction.
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