T. Reed Hudsonsays cap rates have remained fairly flat this year, at or nearhistorically low levels.
DALLAS—Today's department stores account for roughly 1% of allretail sales, according to a Customer Growth Partnersconsultancy/New York Times report of late last year. In contrast,malls topped occupancy lists back in the 1980s, holding a 10% shareof all US retail sales.
Ironically, that is the share that e-commerce currently holds,according to a recent report by Weitzman. Given these e-commerceimpacts on the mall sector, Texas net-lease product continues toshow impressive demand, says T. Reed Hudson, associate director ofStan Johnson Company, in this exclusive.
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