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Single-tenant retail assets priced $5 million or less continue to sell with the most velocity due to having the largest audience of prospective investors and all-cash buyers that are less dependent upon financing, HIG's Bill Asher tells GlobeSt.com.
Investors are attracted to the metro area's healthy retail fundamentals underpinned by nation-leading population and employment growth, leading to the sale of two single-tenant retail buildings.
Multi-story warehouse development hasn't caught on quite yet in the US, but it's a big trend in some Asian countries that will require an overhaul of 18-wheelers to be fully realized here, Colliers' Mike Kendall tells GlobeSt.com.