Retail Sector's Year-End Momentum Indicative of Boffo 2011
Retail Traffic reports: Starting with the now-common prior that, “Investors across the board, from public and non-traded REITs to private buyers, pension funds, life insurance companies and foreign investors, have amassed significant war chests since the market crashed in late 2008,” Retail Traffic recently outlined in detail how retail commercial property investors would place their cash in the New Year. According to Real Capital Analytics’ (RCA) US Capital Trends 2010 Year in Review, these well-capitalized players had already begun their investment show-of-force that Retail Traffic anticipated by the end of last year.
In his article, Ben Mattson-Teig stated that according to RCA data, “In 2009, investment sales volume ground to a halt, but volume slowly build up throughout 2010. In the fourth quarter, nearly $8 billion in retail properties changed hands – the highest level recorded since the market crashed. Overall, retail sales during 2010 totaled $22.6 billion.”
For more evidence of the pending retail investment deluge, as well as retail pricing trends and investor preferences revealed, please see the full Retail Traffic article.
View the full article on Retail Traffic: Retail Sector's Year-End Momentum Indicative of Boffo 2011
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Posted by: Nina Turner