The retail asset class is gaining more attention because of its strong fundamentals — low vacancies, limited new development, and rising rents — not to mention higher going-in cap rates, according to a new report from Colliers.

Retail drove 18% of all sales volume in Q3, the highest share since 2018, Colliers said.

But perhaps that share should have been higher. "Investors are likely 'underweight' to retail exposure," according to the report.

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