While both asking and effective retail rents are trending up, the anemic growth reflects worries about continuing store closures.
Availability of skilled labor and local tax incentives are some of the deciding factors for manufacturers’ site selection.
Potential home buyers are facing far fewer competing bids than they did even a year ago.
The mall’s owner, Unibail-Rodamco-Westfield, is adding more food and fitness options.
While lenders are remaining disciplined, they feel there’s plenty of demand for industrial space and single-family rentals.