Search
 

For Non-Gateway Retail, 5 Years of Growth

Food and beverage concepts and retailtainment are among the growth areas in both new development and redevelopment.

By Paul Bubny | Updated on January 25, 2018

Rendering of food hall The Lawrence Group’s City Foundry STL will include what’s reportedly the first true food hall in St. Louis.

LOS ANGELES—A climate of disruptiveness brought on by e-commerce and demographic shifts has varying implications for US retail real estate this year, says CBRE. On the one hand, it will lead to more collaboration between retail tenants and their landlords; on the other, the performance gap between top-tier and lower-rung shopping centers will only widen.

That being said, CBRE anticipates five years of solid rent growth for retail properties in non-gateway markets, thanks to their employment and population growth and their available runway for rent gains. Near term, Atlanta, Houston, Nashville and Denver all are expected to see year-over-year rent gains of at least 2.5% during 2018.

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.