2022 was a "tail of two halves" for the grocery-anchored retail sector, which began the year with red-hot momentum from record transaction volume in 2021 and the tremendous cap-rate compression of cheap debt.
An average monthly transaction velocity of $1.5B for grocery-anchored retail assets in H1 2022 reflected this Big Mo.
However, the track record for H2 2022 reflected the impact of the Fed's campaign to raise the cost of debt: the monthly transaction activity average was nearly sliced in half, to $852M, as cap rates surged to current levels of more than 7%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
