Neighborhood Retail Centers Hot Again for 2004

ORLANDO-Neighborhood shopping centers in the South once again will be the hot investment sales ticket in 2004, predicts John M. Crossman, senior vice president, retail investment services division, Trammell Crow Co.

“Grocery spending per capita is up in many areas, and in growth markets, which include most Florida metropolitan centers, demand for neighborhood retail centers is predictable and reasonably dependable,” Crossman tells GlobeSt.com in a new market assessment.

“Continued low interest rates, mediocre stock market returns and poor performance in other commercial real estate sectors mean more investment capital for retail development,” Crossman says. “The office (investment) market is still reeling from the tech collapse and may not see full recovery for several years.”