Premier Retail commercial real estate news, analysis, trends and information including shopping centers, malls, strip centers, big boxes, mixed-use, grocery, neighborhood and high-street segments deals and players.
Over time, cap rates historically track interest rates, and for now, interest rates remain within 1% of record lows, so pricing for Orange County retail assets could remain strong through next year, CBRE's Phil Voorhees tells GlobeSt.com.
“New developments are drawing more attention, particularly from retailers that are looking to develop a presence in Brooklyn as an extension of their Manhattan mainstays,” says REBNY president John Banks.
“Craft brewing's presence in retail inventory has only recently started to grow at a considerable rate, but with Maryland still ranking 36th for breweries per capita, the industry has runway for growth.”
Lenders are beginning to lower the maximum LTV and increase DSCR, keeping rental-rates flat and allowing landlords to reserve for tenant improvements in case a property needs to be repositioned during the term of the loan, Money360's Gary Bechtel tells GlobeSt.com.
Capital investors chasing the historical returns of the sector have prompted numerous new entrants into the self-storage industry that are forming teams to build and buy the product, Westport Properties' Ben Hall tells GlobeSt.com.