LAS VEGAS–Each market situation presents a brand new alternative. So says Dan Spiegel, managing director of Coldwell Banker Business.
Spiegel chatted with GlobeSt.com following ICSC Las Vegas on his takeaways from the occasion and says that for retailers, worth oriented companies, medical retail customers and experiential retail ought to stay energetic.
“For property house owners,” he says, “grocery anchored facilities ought to stay robust and 1031 trade acquisition properties considerably scarce via-a-vis provide.”
In the course of the previous 15 years, grocery-anchored retail facilities stand out when it comes to garnering premium rents, attaining the best occupancy ranges, and producing constant foot site visitors as they supply the area people with every day wants, merchandise, and companies, James DeCremer, principal, Avison Younger, lately instructed GlobeSt.com. “Within the retail world, this asset sort continues to be the gold commonplace for capital funding and tenants,” DeCremer stated.
Conway additionally stated essentially the most energetic classes proceed to be medical, quick-serve eating places, and well being and sweetness. He stated there was constantly robust demand throughout all geographic areas.
Keep tuned for extra protection of the ICSC Las Vegas occasion from GlobeSt.com, together with unique insights from attendees. Additionally, take a look at the associated tales already posted beneath:
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