Full CRE coverage of finance and investment in the retail real estate sector, including shopping centers, regional malls, outlet centers and other retail formats.
Malls and main-street shops, bastions of community commerce, were already under pressure after two years of weak retail sales, rising property taxes and the shift to e-commerce.
For assets leased by essential service providers, the cap rates haven’t changed, says one market insider. “But if there’s any kind of hair on the deal… it’s not doing well.”