Old Bricks, New Tricks: How To Identify, Unlock Value in Modern Shopping Centers
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
By Kirk Cypel, chief development officer, CBG Real Estate Americans are still spending, but the headline numbers tell only part of the story. Federal economic data shows that the economy grew at a 3.4 percent annualiz…
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