By Joseph Miller, MAI, MRICS, Managing Director

Value changes in retail assets are not as dramatic as in other sectors, but landlords must fine-tune tenant mix and address big-box vacancies to stay viable.

While the retail market is undoubtedly difficult right now, the positive news is that retail is no longer the least desirable asset class. The commercial real estate slowdown has affected all asset classes, but the retail market, which faced its own difficulties prior to rising interest rates and return-to-work challenges, is somewhat less impacted. Unlike industrial and multifamily properties, retail did not see significant pricing spikes over the last few years. While cap rates are increasing on retail properties, the changes in value are not as dramatic as with other sectors.

Read more in this article from GlobeSt.com.