Cushman & Wakefield’s Tom Martin talks about where the retail market is headed in 2016. “Demand is outpacing supply in core areas, especially in food-oriented categories. A property owner with a good grocery site can garner interest from multiple concepts, in a wide range of footprints. Well-located strip developments are often 2 to 3 times over-subscribed, with fast-casual players fighting over end-caps. Unless traditional big-box retailers decide to chase exurban sites again, core areas will continue to see a level of retail and food demand that will only be partially satisfied.”
For details on the Twin Cities Retail Market and much more, subscribe to the Compass Report.