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Economic factors and investor uncertainty are causing ripples in the single-tenant net lease retail sector, according to new research from Colliers.
Expect a lot of volatility through the rest of the year, with some events possibly disrupting markets.
The new residents are moving from places that have younger and less affluent populations.
Rents still remain below average pre-pandemic levels.
The largest industrial metros saw a vacancy increase of 202 BPs and asking rents were up 5.3%.
Migration to the Sunbelt and out of midsize markets in the Midwest is reshaping the retail landscape across the country.
Since last year, both demand for lab space and funding have diminished.
AI drives leasing volume in Q3 while vacancy rate plateaus at 37%.
The company sees "strong returns" coming in the future on the asset.
See our picks for 2024.