CHICAGO — Multiple qualities—including population, jobs, renewed investment, c-store saturation and retail innovation—allowed these 10 markets to rise above others as hot spots for building convenience stores today. For this fourth annual list, CSP considered several key elements, including population and growth metrics, the evolving retail landscape, changes in the convenience space and disruptive forces.
10. Jacksonville, Fla.
Big plus: People magnet
Details: Florida continues to draw people by the thousands, with communities in and around Jacksonville expanding rapidly. And while several big-name c-stores have flooded into Florida in recent years, the state’s diverse and growing population may allow for even more to enter the fray.
9. Greeley, Colo.
Big plus: Fast-growing small town
Details: The sixth fastest-growing U.S. city, Greeley is also the fastest-growing Colorado metro area, according to 24/7 Wall Street. Colorado is seeing consistent population increases, which may be a strong opportunity for retailers looking to claim a spot in this highly valued state.
8. Boise, Idaho
Big plus: Fresh start
Details: Idaho was the state with the fastest population growth in 2018, up 2.2%, according to a 24/7 Wall Street analysis of U.S. Census Bureau data. With a growing tech sector, the city beckons those looking for a lower cost of living but hoping to stay connected to an urban lifestyle.
4. Charlotte, N.C.
Big plus: Heart of the Southeast
Details: People gravitate toward warmer climates, but they still want a cosmopolitan lifestyle. Charlotte and the surrounding communities offer a balance of economic opportunities with options for arts, culture, recreation and leisure.
2. Austin-San Antonio corridor, Texas
Big plus: Economy and lifestyle
Details: For several years, this stretch of Texas has lured young people and businesses for its milder weather, arts and music scene, and economic diversity. Lower taxes, population growth and cheaper building costs also keep this area of Texas a desirable place to invest.
While the previous 10 cities are cited for their overall growth potential, here are the top 10 cities millennials are moving to, based on population movement and job growth, according to Business Insider.
- San Francisco
- Austin, Texas
- San Jose, Calif.
- Raleigh, N.C.
- Portland, Ore.
- Oklahoma City