The commercial real estate retail market has been quite a roller-coaster over the past decades. And Annie Malo, a specialized attorney at Holland & Knight, has witnessed all the disruptions the industry has had to adapt to. With an extensive retail leasing and development practice, Malo has been representing national retailers and developers for years. Commercial Property Executive Senior Editor Laura Calugar asked her to share what she’s seeing and hearing when it comes to the retail market.
“There’s little construction due to high costs, so whatever is out there, it’s in high demand,” Malo told Calugar in this podcast episode.
READ ALSO: ICSC Special Report—Retail’s the ‘Belle of the Ball’ Again
So rents are increasing, regardless of the retail sector, because the supply available for expansion is shrinking and landlords are only able to borrow at expensive rates. And these costs are passed through to tenants.
Press play for more insights on:
- What’s attracting CRE investors to the retail market today (0:53)
- The impact of the current rate environment and the lack of economic predictability on landlords (2:27)
- Retail construction activity (4:29)
- Consumer shopping patterns and preferences (7:57)
- The impact of retail store closures on the CRE retail market (11:45)
- Is there a stigma attached to the sector? (19:36)
- Expectations (21:51)
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