Retail Market Fundamentals Continue to Improve; Led by Grocers and Regional Malls

CWNCompass_Retail_Jan2016_Page_1As the economy continues to strengthen, more retailers are expanding, which is driving down the vacancy rate and driving up both absorption and rental rates.

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.

Tom Martin is a Senior Director with Retail Services.

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