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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.
Its community-centric focus is evident in the South Lake Union SoulCycle location, which connects both at an intimate neighborhood scale as well as a lifestyle hub at a global tech campus scale.
"Liberty has successfully executed on our strategy to reallocate capital from office to our growing industrial business," says Mike Hagan, Liberty's chief investment officer.