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Where Is Grocery-Driven Retail Headed?

LOS ANGELES—It was a favored retail class last year, and now the sector is poised for pricing increases and compressed cap rates, GlobeSt.com reports in this EXCLUSIVE story.

Phil Voorhees Phil Voorhees is an EVP at CBRE.

LOS ANGELES—Following a year of high demand, grocery-anchored retail is poised for pricing increases due to scarcity of product and lack of development in core market. According to Phil Voorhees, EVP at CBRE, we may also be expecting compressed cap rates this year. With some store closures last year in the grocery sector, most notable the bankruptcy of Hagen, some wondered if the sector would remain dominant in 2017. The answer is undoubtedly yes. We sat down with Voorhees to talk about the grocery market, expectations for 2017 and why there is no danger in being too bullish on this sector.

GlobeSt.com: Grocery-anchored centers were the theme of the retail market last year. How will the niche change in 2017?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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