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The vaccine distribution, low interest rates and pent-up consumer demand all create a compelling reason to expect rapid recovery for shopping centers this year.
While a new Presidential administration and ongoing pandemic are giving investor's pause, varied state and local government responses to the pandemic are the biggest uncertainty for investors this year.
In 2020, single-tenant net lease retail cap rates compressed to record levels, and Hanley Investment Group's Ed Hanley expects the trend to continue this year.
The pandemic isn't stopping retail brokerage firm Hanley Investment Group, which a total sales volume in excess of $703 million, one of the highest in the company's history.