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Nashville tops the list with nearly 63% growth in retail rental rates since 2011.
Boston led the charge in terms of square footage under conversion as of the first quarter.
The firm is currently capitalizing two more funds that would expand its presence across the Sun Belt.
Year-over-year rent growth in Q1 2022 clocked in at 15.2%.
When I talk to investors most are shying away from the retail sector, and for that I blame the press.
Property managers will have to contend with a swath of issues as they combat the current inflationary environment.
Demand is expected to be between 25 and 30% lower than prior forecasts.
At the same time, cap rates compressed by 0.14% while occupancy rates picked up a 1% gain.
Rents are above pre-pandemic norms in several cities.
CBRE says there is ample evidence that many companies are in the midst of a gradual return to the office.