X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Retail real estate might not be as talked about as multifamily, but that doesn't mean there isn't a lot going on. Though the sector has improved, there's still some uncertainty about the state of the tenant. Best Buy is closing 50 stores after an increase in pressure from discount stores and Amazon.com, and prior to that, Borders shut down its business.

With all of that, though, there are expanding concepts filling this vacant space. Several restaurant chains are looking for spots and many of the big-box discounters, like Target, are expanding into urban areas where they have never been before. Meanwhile, transactions are back. Class A retail properties and net-leased assets are trading at a premium and there's such a demand for space that retailers are considering repurposed space, making value-added transactions more attractive. At the same time, there is very little new space coming on line due to a lack of development. A team of retail experts breaks down what is happening in the market and lets us know what we should expect.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.