The data speaks for itself - retail real estate is as strong as ever
RETAIL ROUNDUP 💫 Lack of New Supply The retail real estate market thrives on sturdy foundations: positive net absorption, climbing rents, and reduced vacancies, all stemming from limited new supply. Retail deliveries have hit unprecedented lows in the last three years, a trend expected to persist in 2023. Since 2003, over 50 million sq. ft. of retail space vanished, with 10 million sq. ft. gone in the last five years. This trend continues in 2023, as struggling enclosed-mall owners transition properties into mixed-use developments. (*Source: CBRE, Q1 2023) #retailinvestment #realestate #retailroundup #retail #limitedsupply #absorption