Search
 

Retail Sales Jump in ' 14, Aided By $1.2B Macerich Buy

SANTA MONICA, CA—Retail properties saw the biggest gain in volume, with $81.4 billion in total deals in 2014. One of those was a portfolio sale of more than 6.7 million square feet.

By Sule Aygoren, Paul Bubny | Updated on February 18, 2015

SANTA MONICA, CA—Investment sales hit a peak in 2014 with $423.8 billion in total deals, but retail properties in particular saw the biggest gain in volume, with $81.4 billion in total deals. That’s a 31% gain in volume over the prior year, according to Real Capital Analytics, but the category saw the lowest price appreciation, with a 5% uptick in prices.

Drilling down deeper into the 7,813 retail properties that traded, RCA discovered an average price per square foot of $202, with a mean cap rate of 6.8%, down 25 basis points over the prior year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.