CHICAGO—The decision byMacy's, TheLimited, and otherretailers to close outlets around the US has shaken up the world ofretail. And with some experts predicting that many more outlets will close this year, investors aredefinitely taking notice.
Cap rates in the single tenant netlease big box retail sector rose 42 bps to 6.5% from the fourthquarter of 2015 to the fourth quarter of 2016, according toresearch just published by The Boulder Group, a net lease firm located in Northbrook, IL. Thefirm attributes this increase to investor concern about the futureof soft good retailers and the evolving size of floorplates for bigbox retailers.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
