First American’s Post

Q2 2024 Retail Market Update: Key Takeaways Parker Ksidakis and I just wrapped up the Q2 2024 Retail Market Update for Washington and Oregon, and here are the main highlights: 1️⃣ Strong Market Fundamentals: The retail market remains stable with strong fundamentals. Although transaction volumes are lower compared to pre-pandemic levels, we saw 25 retail investment sales in Q2 2024, an increase from Q1. Prices have remained relatively steady, showcasing the market's resilience. 2️⃣ Booming Demand for Multi-Tenant Retail: Multi-tenant retail centers are currently the hot commodity! We've seen the highest demand in the last 10 years, driven by their strong income potential and stability. These properties are becoming the go-to investment for many. 3️⃣ New Buyers Entering the Market: The retail market is seeing a wave of new buyers, particularly from the multifamily sector. These first-time retail investors are seeking opportunities in multi-tenant retail due to the headwinds in their traditional investment areas. Additionally, we're witnessing growing interest from gas station owners and other asset categories, eager to diversify their portfolios. The market dynamics are shifting, and it's an exciting time to be in the retail real estate space. If you're considering investing or selling, now might be the perfect time to explore your options. Feel free to reach out if you have any questions or want to discuss the current market trends further! #MarketUpdates #RetailInvestments #PNWRealEstate

Colliers Head of Retail Middle Markets James Wilson mentioned to The Urban Developer: "The increased amount of resilient private capital investment into the retail sector can be partially attributed to the longer term generational view this purchaser category take when reviewing investment opportunities. “The retail asset class offers varying investment drivers, which can impact the reported yields, with investors attributing value to the tenancy profile, income growth and underlying land value given sites’ mixed use development potential.” Reports from Colliers this month highlighted continued investor interest in the retail space after a year of resilient sales, with total volumes reaching $6.28 billion last year. While this was a decrease of 4.3 per cent compared to 2022, it was a far better performance than other commercial asset classes, according to Colliers Director of Research Nik Potter. “With interest rate rises and macroeconomic uncertainty, a lot of groups have bedded down, but private buyers are paying cash, and have large sums of capital and diverse capital sources,” he says. For the complete article, click here: https://lnkd.in/gzES8Ter

I recently wrote about saturated #retail real estate markets, great short read with lots of data points on the continuing trend - high demand, low supply. How to strategically make decision on where to go in this environment takes #data and #market expertise. #retailtransformation #retail #cre Alvarez & Marsal Property Solutions Matthew Krell Scott Cianciulli

My thoughts shared with The Urban Developer that Investor demand will outstrip supply of existing and new build retail assets after a bumper year, highlighting a major opportunity for developers. The Colliers Retail Investment Review highlighted continued investor interest in the retail space after a year of resilient sales, with total volumes reaching $6.28 billion last year. With the recent success of Black Friday sales penetrating into physical stores, there's a real benefit for the retail sector to capitalise on this, providing an opportunity to reshape and manage our assets, looking for other promotions and activations to leverage this change. For the complete article, click here: https://lnkd.in/g3PFiZ8a

Retail real estate has undergone a significant transformation over the last several years, emerging from periods of uncertainty to achieving record-low vacancy rates. In this #RetailRundown, James Bohnaker explores this continued growth and key sectors driving the surge in occupancy. > > https://cushwk.co/3WJjaOG

Great rundown of some of the (positive) trends we are observing in terms of store openings, and net absorption of retail space nationally. This asset class is certainly chugging along with another year of positive absorption and significant net growth in store openings. About 1/3 of all new stores are discount related. About 1/3 are apparel, and a little more than 20% are grocery/convenience.

Discover the 2024 retail real estate market with Daniel Taub, Senior Vice President and Director of the Retail Division, as he shares his key takeaways from our National Retail Investment Forecast. Explore a comprehensive analysis of the U.S. retail real estate sector. Explore key trends, metrics, and forecasts for 50 markets. Download your copy: https://bit.ly/3I2CyxA #retailinvesting #cre #retailrealestate

Last chance to join our Retail Search Trends Webinar - July 16th & 18th - to explore the evolving search behaviors of tenants and buyers in today's commercial real estate market! 🔍 Find out where tenants and buyers are searching 🏢 Understand the in-demand retail property types 📈 See how retail demand has changed in the past few years Reserve your spot below 👇 https://bit.ly/46mbogF

Discover the 2024 retail real estate market with Daniel Taub, Senior Vice President and Director of the Retail Division, as he shares his key takeaways from our National Retail Investment Forecast. Explore a comprehensive analysis of the U.S. retail real estate sector. Explore key trends, metrics, and forecasts for 50 markets. Download your copy: https://bit.ly/3I2CyxA #retailinvesting #cre #retailrealestate

A new report from CBRE shows that most street retail districts are doing well, with foot traffic in prime areas expected to return to pre-pandemic levels by Q3 2024 and exceed those levels by 2025. During the pandemic, retailers took advantage of low rents to lease more space. Now, investors are benefiting from rising rents in prime areas, with a 9% increase in the Americas and a 5.8% increase globally since 2021. This article by the THE WORLD PROPERTY JOURNAL provides more detailed info: https://lnkd.in/gbziBR4c #IntegrisVentures #RealEstateOperator #Retail #CommercialRealEstate #FootTraffic