Getting a handle on retail cap rates isn't easy. As COVID has decimated the sector, few assets have transacted.
In CBRE's The Weekly Take podcast, Melina Cordero, a managing director who is the leader of CBRE's retail capital markets business for the Americas, said that because of the decline in transactions, it is hard to draw real conclusions about cap rates in different retail sectors.
There is one exception, though. While COVID has cut into profits in many retail sectors, stabilized grocery-anchored centers have been minimally impacted.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
