Aug 06, 2017 - 0 Comments - Retail Properties -

Video: Reis Chief Economist & VP of Research Victor Calanog Provides Q2 2017 Retail Sector Trend Update

In this brief video, Reis Chief Economist & VP of Research Victor Calanog provides an assessment of second quarter 2017 retail property sector trends. Highlights of this video include:

  • Fundamentals in retail sector reflect all the negative news
  • Neighborhood and community center vacancies increases 10 basis points to 10%
  • Regional malls had a 20 basis point increase in vacancies to 8.1%
  • Rents grew slowly in neighborhood and community centers and in regional malls, both about 0.4% in the quarter
  • Neighborhood and community centers experienced paltry, 1.8% and 1.7% year over year increase in asking and effective rents, respectively
  • Retailers are still figuring out omni-channel strategies
  • News only highlights the negatives, missing winners like Apple Stores, etc.
  • Online sales are nonetheless taking a bigger share of retail sales
  • Rising vacancies projected next year or two, as well as continued slow rent growth
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