October 30, 2019
Retail Posts Positive Quarter
So much for the much-talked-about retail apocalypse. The retail sector is in growth mode on the heels of a quarter of positive numbers...

Retail Posts Positive Quarter

October 25, 2019 | Barbra Murray | Commercial Property Executive

So much for the much-talked-about retail apocalypse. The retail sector is in growth mode on the heels of a quarter of positive numbers, according to CBRE’s new U.S. Retail Figures Q3 2019 report.

The retail sector’s fundamentals were desirable almost across the board in the third quarter. The overall availability rate recorded a minute decrease—but a decrease nonetheless—from 6.2 to 6.1 percent quarter-over-quarter. Average overall net asking rents rose to $18.16 per square foot, marking a quarter-over-quarter increase of 1 percent and a year-over-year increase of 5 percent. The third quarter rental rate figure also constitutes the highest rental rate since CBRE began following the metric in 2005. Net absorption totaled more than 9.7 million square feet, buoyed by the fact that all retail asset classes posted positive net absorption. Not since the third quarter of 2018 have the high street/freestanding, neighborhood/community/strip, power and lifestyle/mall classes all posted positive net absorption. Furthermore, retail sales jumped 3 percent quarter-over-quarter and 3.5 percent year-over-year.

The one retail sector fundamental that recorded an unfavorable change is consumer sentiment, which, after going on the rise in the second quarter, decreased ever so slightly in the third quarter.  

Read Full Article

Recent

Eagle Point Credit Creditflux Awards

Eagle Point Credit Creditflux Awards

Eagle Point won 48% of the vote for “Best US CLO Equity Investor” and 42% of the vote for “Best US CLO Junior Debt Investor”.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now