RCA in the commercial property press:

US Retail Market on Road to Recovery

Citybiz Real Estate reports: Despite the recent Great Recession, the retail market in 2011 showed signs of health that had been missing the past couple of years. A recent episode of the “Commercial Real Estate Show” hosted by Michael Bull featured several guests that had a positive view of the market looking toward 2012.

Michael Niemira, chief economist of the International Council of Shopping Centers, stated that retail spending grew by 4.7 percent for chain stores in the past year. This was the highest growth total since 1999, though could also have been caused by inflation in retailer supply chains.

Investment sales also grew substantially in 2011, rising from $24 billion to $47 billion according to Kevin Imboden, senior market analyst at Real Capital Analytics. He went on to state that while investors are looking for new opportunities, there is still a conservative element to these transactions as the acquisitions mainly featured grocery anchored strip centers as opposed to trophy mall properties.

Articles related to this topic:

 CBRE Forms $200 Million JV with REIT to Acquire Grocery Shopping Centers
 Large Retail Joint Venture Finalized Between TIAA-CREF and CBL
 Kevin Imboden of RCA Appointed to ICSC North American Research Advisory Task Force
 Refinancing in an Interesting Market
 Bank of America Tower Selling At Auction February 7
 Shopping Centers in Turkey and other European countries expanding with no end in sight
 CRE Investment Picks Up in Minnesota Despite National Trend

Posted by: Kevin Imboden

<< Prev

Next >>