Globest Sectors

In the next few years, it's very possible there could be a shortage of newly built retail drugstores available for investment, according to Stan Johnson's Clint Robinson, who <b>EXCLUSIVELY</b> caught up with GlobeSt.com about all things net lease.

“These types of opportunities are rare in today's market.”

A new report shows four different themes.

Because Stage 1075 was the first for-sale condo product in Mid-Market, there wasn't a benchmark on how a product of this type would do; however, it is 50% sold, pointing to the confidence in the area.

“With a class A office vacancy rate around 3.5 percent, the creative office space that exists in Hoboken today is highly inefficient, while the balance of the office space on the market is more corporate,” says Transwestern's Matt McDonough.

Non-grocery anchored retail centers are starting to get more attention from investors, who see value beyond daily needs.

Savvy value-add players are heading to Orange County, where there are ample opportunities for office redevelopment.

Potential sellers in the Midwest have taken a step back and hesitated to put their properties on the market.