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NEW YORK CITY- Theretail market has begun to see a shift as stakeholders buffer theirportfolios in the case of a market downturn. Retail investors havebegun to focus on quality assets that are deemed recession-proof orresistant, such as assets that may include neighborhood locationsthat provide goods and services purchased regularly in person, orproven locations over many years, Brian Watson, CEO of NorthstarCommercial Partners, tellsGlobeSt.com.
Because of this fact, larger boxretail and malls not located in prime areas will continue to benegatively impacted as the market appears to move closer to an evengreater online marketplace, which may lead investors to sell largebox retail, he added.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
