Roger Gregory’s Post

The New Darling Asset Class: #RETAIL Retail has become a hot pick for commercial real estate investors. With resilient consumers, adaptable retailers, and low inventory, vacancies are at historic lows. Rents are soaring, and competition for prime spaces is fierce. 🛍💼 #RetailBoom #InvestmentOpportunities #ColliersRetail Jacklene Chesler Philippe Jomphe Matthew Cohen

Some promising news for the retail sector contained in my short passle!

Retail giant Jay Schottenstein acquired two spacious units at Key Biscayne’s Grand Bay Tower development, then combined them into one mega-residence.https://https://lnkd.in/dSmeAPv4

As we move into 2025, here are my thoughts on the net-lease multi-tenant retail assets. Multi-tenant retail pads leased to national and regional tenants, positioned within well-located anchored shopping centers, continue to see consistent demand from buyers in today's market. While the supply of single-tenant properties has increased, the supply of multi-tenant pads to anchored properties has remained low. As market conditions have changed, theses types of investments provide investors with a higher return alternative and a secure and diversified income stream compared to the single-tenant net-lease assets. Institutional investors have broadened their focus beyond acquiring centers where the grocery store is a part of the offering, to now include shadow and unanchored strip centers as part of their investment criteria. This is driven by the lack of inventory of core grocery-anchored centers, the recognition that a high-traffic intersection is the main driver of a center's success, and the appeal of higher rent growth in shop leases compared to typically flat rents of grocery store leases. Franzen 🤙 #svn #svnchicago #cre #netleaseretail #multitenantretail

The end of year investment rush meant Q4 supermarket investment volumes improved significantly on a subdued Q3, with 16 transactions totalling £350m. The quarter was characterised by smaller store transactions, with average store size reducing to 40,650 sq ft; notably halving from the average seen in Q1. We expect the trend for smaller store transactions to continue in 2025 due to a lack of larger store opportunities. Tom Edson Nick McConnell Mark Rudman Font Real Estate

Colliers Capital Markets is pleased to announce the sale of Main Street Market, a grocery-anchored shopping center in Kernersville, NC. Colliers’ Marc Ozburn represented the seller, Barclay Group, in the transaction. Deep River Partners purchased the 74,558 SF site for $26M. The property is anchored by a flagship Lowes Foods and includes a diverse tenant mix including Jersey Mike's Subs, Pet Supermarket, and other local businesses.   “Main Street Market exemplifies the type of high-quality, grocery-anchored retail assets that continue to attract investor interest in today’s market”, said Ozburn. “The center’s strong performance with a 92% occupancy rate, coupled with the robust economic growth in the Triad region, made this an attractive investment opportunity.” Click here to read more in the Triad Business Journal: https://lnkd.in/g2DidSwX #ColliersCapitalMarkets Colliers Retail | U.S.

Good article from Connect CRE discussing the dynamics driving the positive outlook for -#retail #commercial real estate. Retail is emerging as the most profitable investment oppportunity, specifically small, open-air, grocery-anchored neighborhood centers and strips. We’re seeing the same trend in Miami-Dade, with retail CRE dollar volume acquisitions up 63% ( though number is down) and small stores making up 80% of sales. See the Miami-Dade report in the Comments.

Vegas retail center sells in $50 mil deal. Out-of-state investor pays $437/sf for 115k sf Mountain’s Edge Marketplace. The property, which was built in 2016, is 98% leased to 40 national and local retailers. Roy Fritz, CCIM and Preston Fetrow of CBRE’s National Retail Investment Partners-West represented the seller, Remington Nevada, a private investment firm based in Las Vegas, focused on developing Class A retail shopping centers in the Southwest. https://lnkd.in/gb5NK_cz

𝐒𝐚𝐯𝐢𝐥𝐥𝐬 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐬 𝐦𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 𝐰𝐢𝐭𝐡 50𝐭𝐡 𝐫𝐞𝐭𝐚𝐢𝐥 𝐩𝐚𝐫𝐤 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 2024, 𝐜𝐚𝐩𝐭𝐮𝐫𝐢𝐧𝐠 50% 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞: http://savi.li/6045o5GY3 Savills announces the successful sale of Manchester's Snipe Retail Park to CBRE Investment Management. This milestone marks our 50th retail park traded this year, with over £1.6 billion in transactions, capturing a significant 50% share of the total market volume. James Hurst, Director in Investment at Savills, comments: “2024 has proved to be a resurgent year in the retail warehouse investment market with strong trade, low vacancy, and rental growth driving investment volumes in excess of £3 billion, for only the third time in the last decade. With such a robust occupational platform, we see this trend continuing into next year and beyond.”

Growth is good! ICSC CrossMarc Services Crossman Career Builders #crossmarc #crossmancareerbuilders