Donna M. Mitchell

After years of double-digit increases in rents, high street retail landlords are in the second year of double-digit declines.

Cap rates for properties occupied by high-quality tenants, such as 7-Eleven, have achieved cap rates between high 4 percent and low 5 percent in the fourth quarter of 2017.

The restaurant tenants tend to have leases that feature 10 percent rent escalations every five years or 2 percent rent escalations annually.

By expanding its range of services, CVS is giving its consumers even more reason to come to its stores, according to industry experts.

Food halls are considered the newest and hottest way to combine dining, entertainment and even locally sustainable eating in one place.

Westfield is the latest in a string of mall developers and landlords whose firms have begun adding non-retail uses to existing retail properties.

The brand can expand to 300 stores in the U.S., industry experts claim.