NEW YORK CITY—With the fundamentals of the retail marketstrengthening and prices appreciating, the investment community isbullish on the sector in 2014. Add to that a strong first quarter,and the momentum is expected to pick up as increased demand forretail assets has created optimal conditions for sellers.
In other words, retail is heating up, and there might not beenough properties to go around. GlobeSt.com spoke with JLL beforethe upcoming ICSC RECon 2014 to get their take on the sector.
Grocery-anchored, urban high street retail and trophy malls topthe list of products prime for the picking as limited supply entersthe market: “While the most desired retail asset types remainhigh-quality grocery anchored centers and trophy malls, manyinvestors are getting outbid in gateway markets and are turningtheir attention to all different types of retail assets andmarkets. We're seeing an increased number of sales of strip centersand power centers come to market, receiving aggressive bids andtrading quickly,” commented Kris Cooper, ManagingDirector at JLL.
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Geoffery Metz
Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.
