The Registry · Retail
Starbucks-Anchored Shops at Foster Square in Foster City Returns to Market at $20.3MM, 7% Cap
Via The Registry · October 5, 2026
Compiled by Real Estate Trail Editorial · October 5, 2026
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
On the RET wire
- Disclosed retail deal value tracked in October 2026: $5.2B across 24 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
Excerpt from The Registry:
Shops at Foster Square, a 2017-vintage Foster City retail center anchored by Starbucks and a U.S. Postal Service branch and filled out with Asian dining concepts, is back on the market at $20.3 million and a 7.0 perce…
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