The value of retail properties is on the rise as the sector continues to grow, according to a new report from Marcus & Millchap, Savills U.S. and Colliers International.<\/p>\n
Retail sales now exceed pre-recession figures, which has led to performance improvements in the retail property sector. Low interest rates and attractive returns are expected to keep transaction velocity on the upswing. Favorable conditions will drive owners to list more assets, the report adds.<\/p>\n
"Marginal improvements in second half of 2011 leave most cautiously optimistic about 2012," associate Gerry Mason said in the Savills report, although he added that "slow recovery is expected as most companies will look to improve balance sheets and strengthen core portfolios."<\/p>\n
Grocery-anchored and outlet centers are leading activity. However, most movement will be driven by the companies that can innovate and offer new shopping experiences.<\/p>\n
Brick and mortar stores are expected to be the corner stone of the retail shopping experience for a number of years to come. As a recent report from Forrester Research suggests, ecommerce currently accounts for less than 10 percent of total retail sales.<\/p>\n","protected":false},"excerpt":{"rendered":"
The value of retail properties is on the rise as the sector continues to grow, according to a new report from Marcus & Millchap, Savills U.S. and Colliers International. Continue reading