Strategic Development and Investment Trends in DFW’s Retail Sector
The Dallas-Fort Worth retail market has experienced a significant upswing in demand over the past two years, leading to an unprecedented decrease in available leasing space due to a combination of steady demand and limited supply. This period has seen a remarkable level of leasing activity, with the market absorbing 37 million square feet from […]
Market Overview: Houston’s Retail Sector Shows Strong Fundamentals
In the dynamic terrain of Houston’s retail real estate market, strategic partners and real estate private equity firms are continually seeking to optimize their investment portfolios. The latest CoStar Retail Market Report provides a comprehensive overview of the market trends, economic indicators, and sales data crucial for informed decision-making. This post will dissect these findings […]
Potential Shifts in Occupancy: Long Island’s Record-Breaking 620,000 SF Delivery
Geographic Distribution: Long Island’s retail market benefits from above-average household incomes and a strong labor market, with the largest retail submarkets located in Central Suffolk and Western Suffolk, boasting inventories of 28 million SF and 26 million SF, respectively. Additionally, Nassau County hosts significant retail concentrations in Garden City, Westbury, and Valley Stream. Vacancy and […]
New York Retail on the Rise: $4.5 Billion Transacted and 3.3 Million SF in Development
Vacancy Rate Stability: The New York retail market’s vacancy rate stands at 4.2%, which aligns with the long-term historical metro average of 4.0% and the current US average. Improvement in Small Urban Retail Spaces: There has been a notable improvement in smaller retail spaces (below 5,000 square feet) in New York City, particularly with leases […]
Memphis Market Watch: 5 Crucial Insights for Retail Investors
Record-Low Vacancy Rates: The Memphis retail market currently has a vacancy rate of 3.4%, which is a record low. Over the past year, the market has shown a decrease in vacancy rates. Net Absorption and Development: Memphis’s annual net absorption rate is approximately 330,000 square feet, which is below the 10-year average for the area. […]
Decoding Boston: Top 10 Insights for Retail Real Estate Investors
Premium Space in High Demand: Boston’s best suburban retail locations are experiencing high demand, with limited space available, giving property owners significant leverage in pricing and negotiations. Limited Availability Influencing Demand: There is a notable demand for retail space, totaling 650,000 square feet in the past year, less than the three-year annual average but still […]
Capital Market Shifts: Understanding D.C.’s 2023 Retail Sector
In Washington, D.C., the retail market as of the second half of 2023 is characterized by a landlord-favored scenario, with both vacancy and availability at their lowest in three years. Despite initial fears of empty offices and a looming recession, consumer resilience has allowed landlords to exert substantial pricing leverage. Asking rents in the metro […]
Richmond Retail Insights: Strategies for Modern Investors
Richmond’s retail market has demonstrated resilience and growth over the past year despite not being completely shielded from the broader structural shifts in the retail sector. The closure of the Virginia Center Commons mall in the fourth quarter, resulting in over 750,000 square feet of vacant mall space, significantly impacted the area’s mall vacancy rate. […]
Investing in Charlotte: A 2023 Retail Sector Overview
Market Dynamics and Secondary Investment Landscape In Charlotte, NC’s evolving retail market, significant growth and development are attracting real estate private equity investment. Insights from CoStar indicate a notable increase in consumer spending and retail expansion, especially in new and upcoming areas. This growth offers institutional investors valuable opportunities to sell their privately held partnership […]
Raleigh 2023: A Detailed Look at the Retail Real Estate Market
As of the third quarter of 2023, Raleigh’s retail market has seen a net absorption of 530,000 square feet over the past year, a figure below the historical average yet significant given the low vacancy rate and limited new supply. The retail inventory has decreased by 190,000 square feet, largely due to the demolition of […]