LAS VEGAS—"In a core market such as Washington, DC, and its surrounding sub-markets, demand is not just strong, but reaching unprecedented levels," explained Andrew Fallon, executive managing director of SRS national net lease group and market leader in Washington, DC, when talking about retail trends. Fallon's insights came during an interview with GlobeSt.com surrounding the ICSC Las Vegas event here in Las Vegas.
Unveiling the underlying allure of the region, Fallon emphasized the scarcity of supply when it comes to both new constructions and legacy assets. This scarcity, combined with the region's favorable market fundamentals and the long-term intrinsic value of real estate, has led to a prevailing trend among investors who choose to hold properties for extended periods.
"They (investors) do so because they recognize the market's potential for growth, given its burgeoning population and increasing wages," Fallon explained. "In a market where these factors align, rents tend to rise, and real estate appreciates. Operating in such an environment, even during challenging times, proves to be highly advantageous."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
