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Newark boasts $2B in untapped retail demand, report finds

Summary by NJBIZ
The basics: Invest Newark report IDs $2B in unmet retail demand across Newark Newark residents spend $6B annually — one-third outside the city Highest “leaked visits” in grocery stores, drugstores, restaurants, sporting goods Study offers district-level data and guidance for capturing local consumer spending While residents in the City of Newark spend $6 billion annually on goods and services, a significant portion of that total (one-third) is …
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NJBIZ broke the news in on Friday, August 22, 2025.
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