Retail's Favorite Time of Year

Well, one of the favorites. The average American will spend $142.31 on Valentine's Day gifts this year, up $8.40 from last year, according to a recent National Retail Federation survey. While the Midwest average is just $119, it's still good news for local retailers with wares of the red, pink and chocolate variety. The top items on the shopping list? Candy, jewelry, flowers, special nights out, clothing and gift cards. At Bisnow, though, we think nothing is more romantic than buying your loved one a piece of property. And then giving us the hot news tip. Not that it's all about us or anything...

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Gaming & Leisure Stays Bullish On Bally's Casino Project Despite Delays

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

JLL: Holiday Spending To Rise Nearly 10%, But Shoppers Aren't Splurging On Gifts

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals