Paul Sternberg of Houston Looks at Amazon’s Effect on Houston Commercial Real Estate Market

HOUSTON, September 18, 2018 ( – ​As consumers continue to flock to Amazon, the face of retail in the U.S. is in a constant state of flux. Unable to compete, businesses of all shapes and sizes are failing under immense pressure from the online retail giant. Even big brands are unable to keep up, with Macy’s, Sears, and JCPenney each closing around 15 percent of their U.S. stores last year alone. Paul Sternberg, a real estate broker with over 15 years of experience, shares his experience on the matter

Contrary to popular belief, however, it’s not all bad news for retailers according to the Houston-based investor, entrepreneur, and businessman Paul Sternberg, of Houston, Texas. While Amazon was responsible for 44 percent of all U.S. online purchases last year, the company accounted for just 4 percent of total overall retail sales, as reported by One Click Retail, the business intelligence services provider.

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