IRVINE, CA—Historic low interest rates,scarcity of product and record-high investordemand are some of the metrics fueling investor confidence,Hanley Investment Group's president Edward B.Hanley tells GlobeSt.com. We spoke exclusively with Hanley freshoff the recent ICSC conference in New York aboutsome of the retail trends he's noticing and whathe predicts will happen in this sector during 2015.
GlobeSt.com: What is fueling the confidence that hasled to such a strong transaction year?
Hanley: The past year has been one ofour strongest transaction years because the retail investmentmarket has recovered to a point in what could be described as a“perfect storm” of historic low interest rates, scarcity of productand record-high investor demand. The overall velocity oftransactions may not be at the rapid pace of the last peak of thecycle, but lower vacancy and sustainable and increasing rentalrates, along with select tenant growth and expansion, are some ofthe metrics fueling investorconfidence.I expect the number of retail properties sold in 2014 will set newindustry records.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
