Grocery Outlet Opens 30,000 SQFT Store at Former Fisherman’s Wharf Safeway, Ending North Beach’s 3-Year Grocery Gap
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Discount grocer Grocery Outlet has taken over the long-vacant Safeway on Bay Street, restoring a full-size grocery option for roughly 20,000 residents on the edge of Fisherman's Wharf and North Beach nearly a year aft…
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