Retail

However, rents were strong in the three Florida regions.

The demand Vestar is seeing comes after the pandemic exposed struggling retailers.

Closing on deals has been slow in 2024, but slightly ahead of 2023.

The biggest deal came from The Wilder Companies, which purchased Shoppes at Palmer Ranch for $20.4 million.

The assets take up 131,000 square feet in total.

Landlords will have to modify both their marketing and underwriting practices.

If approved, the tower would stand at 1,010 feet.

There’s strength overall ‘with stable vacancy rates and growing consumer spending.’