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 […]
Investing in Naples: Insights into a Booming Retail Landscape
In Naples, Florida, the retail real estate sector is experiencing a remarkable period of low vacancy rates. As of the third quarter of 2023, the vacancy rate has dropped to 3.6%, a decrease of 0.4% from the previous year and the lowest it has been since late 2017. This trend can be attributed primarily to […]
Unlocking Retail Investment Opportunities in Sarasota, FL
The Sarasota retail market, the largest in Southwest Florida, encompasses over 53 million square feet of retail space. Recently, the market has demonstrated robust demand, absorbing approximately 630,000 square feet in the past year. This surge in demand has led to a significant decrease in vacancy rates, which now stand at a near-historic low of […]
Investing in Miami: A Deep Dive into the Retail Sector’s Evolution
Overview Stable Vacancy Rate: The Miami retail market has shown resilience with a stable vacancy rate of 3.0% over the past year, experiencing only a minor decrease of 0.1% from the previous year. Space Absorption vs. Delivery: There has been a positive balance between supply and demand, evidenced by the absorption of 900,000 square feet […]
The Pulse of Palm Beach Retail: Investment Patterns and Market Projections
Palm Beach retail leasing has slowed over the past year, with 1.8 million SF leased by Q2 2023, down from 2.4 million SF in Q3 2021. After ten positive quarters, net absorption turned negative, contracting around 62,000 SF. Yet, vacancies remain tight at 3.5% in Q3 2023, below the five-year average of 4.1%. Strong household […]