Which types of retail assets are seeing the most activity in terms of investment and leasing?
DREW M. EMMEL, REAL ESTATE PARTNER
“Due to the continuing housing shortage, there is investor activity in mixed-use projects, including converting some shopping centers into mixed-use communities with residential and retail. Retail attracts home buyers and tenants alike, and mixed-use gives investors a more diversified revenue stream.”
COURTNEY BARR, REAL ESTATE ASSOCIATE
“ALTHOUGH there are still pockets of difficulty within the retail sector because the office sector has not fully recovered, RETAIL SPACE IS AT THE LOWEST VACANCY LEVEL IN DECADES. THE RETAIL STRIP CENTERS AND STANDALONE SHOPPING CENTERS ARE DOING REALLY WELL RIGHT NOW, AS ARE FIRST-CLASS MALLS. SINCE THE RETAIL CONSTRUCTION PIPELINE IS LIMITED, WE ANTICIPATE THE VACANCY RATE WILL CONTINUE TO DROP AS EXISTING RETAILERS EXPAND.”
