Right now, the big box world is a tale of two markets. Properties housing essential tenants, like grocery stores, are hot. Properties with gyms and movie theaters are struggling. Assets with investment-grade tenants are flourishing. Others are not.
The strong performance of the essential tenants has been a bit of a surprise
"A few years ago, people thought that because of Amazon, big boxes were going to have to downsize their business models and prototype," says Randy Blankstein, president of The Boulder Group. "They will have a harder time competing."
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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.
