How Retail Owners Are Staying Profitable in Today's Market
By Joe Miller, May 15th, 2023- 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.
Joe Miller, National Practice Lead of Partner Valuation Advisors’ dedicated retail valuation team, discusses current trends and strategies in this article from GlobeSt.com.