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There's good news in the overall retail picture despite headlines to the contrary. Faris Lee's Rick Chichester paints the nuanced, but still net-positive, picture for the new year.
The IBO stressed in the report that it does not expect the economic expansion, which began after the 2008-2009 expansion to end, to end and does not foresee a steep slide through at least 2022.
“Industrial supply constraints have pushed pricing to new heights for both tenants and investors, forcing them to explore market alternatives,” JLL's Sargis states in the report
A Marcus & Millichap retail specialist is observing many of his clients selling assets to invest in triple net properties like 7-11 and Wawa convenience stores.
City Center is a reinvention of the suburban shopping center model where community, culture and commerce converge with community events and cultural celebrations in addition to the usual retail and entertainment offerings.