Investors are clamoring for neighborhood and non-grocery-anchored strip centers in a strong location. Community and power centers are on the sidelines, says a new report from the Tampa office of Colliers Arnold.
"Buyers are attracted to Florida because of the economic stability and steady population growth, which fuels demand for retail goods and services," Colliers Arnold research analyst Jeremy Kral tells GlobeSt.com.
Neighborhood-type centers are "perceived [by investors] to carry a lesser degree of risk during periodic downturns in the economy," Kral says. "Demand for well-positioned retail properties remains high while supply remains short."
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