ICSC: Shoppers Keep Shopping but Make Sharper Tradeoffs
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
Even as consumers are less concerned about inflation, they’re increasingly selective, value-conscious and attentive to potential financial risks, ICSC said Thursday. Among other findings of ICSC’s new Cons…
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