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Online Shopping Hits New High, Even as Stores Re-Open and Social Distancing Subsides

US Households Double Down on Digital Spending, Despite Economic Headwinds
Amazon's largest distribution center is located in San Antonio. Demand for such facilities may increase as millennials, who often report the strongest preferences for online shopping of any age cohort, are beginning to age into their peak years for earning and spending. (CoStar)
Amazon's largest distribution center is located in San Antonio. Demand for such facilities may increase as millennials, who often report the strongest preferences for online shopping of any age cohort, are beginning to age into their peak years for earning and spending. (CoStar)
CoStar Analytics
March 2, 2023 | 10:34 P.M.

The growth rate of online retail spending registered a more-than tenfold increase in the U.S. when households began stockpiling necessities and the term "social distancing" entered the lexicon during initial months of the pandemic in 2020.

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News | Online Shopping Hits New High, Even as Stores Re-Open and Social Distancing Subsides