Search
 

Demand for Retail Properties Looks Strong

CHICAGO—The two-day International Conference of Shopping Centers' Chicago Deal Making conference starts this week at Navy Pier, and there are some signs the investment market is about to pick up.

By Brian J. Rogal | Updated on October 17, 2016
chi-AlmassyDerrick (4) Derrick Almassy of CBRE

CHICAGO—This year has already had a few economic shocks like Brexit, and the uncertainty of the upcoming presidential election, of course, still hangs over everything. But as landlords and investors in the retail sector get ready for the two-day International Conference of Shopping Centers’ Chicago Deal Making conference, which starts this Wednesday at Navy Pier, the demand for these properties looks strong, and many owners might be ready to sell.  

“We have a lot of listings coming out,” Derrick Almassy, Oak Brook, IL-based first vice president with CBRE’s national retail investment group, tells GlobeSt.com. “The sheer number of deals is high,” and that’s after a summer when the investment market was in the doldrums. “Our hope is that we are through a temporary pause.”  

Less product has been available for most of the year, he adds, as many owners seemed reluctant to sell properties in high-performing markets. And that reluctance then stopped still others from putting their own properties on the market, as they knew they would have few opportunities to put the proceeds from a sale back into real estate.

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

© 2025 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 © 2025 ALM Global, LLC. All Rights Reserved.