The relentless rise of online sales and mounting struggles of brick-and-mortar retailers are taking their toll on retail real estate.
The results from NREI’s third retail real estate survey reveal that retail operators, investors and developers show a marked turn compared from the previous two years. Sentiments on the outlook for cap rates, occupancies and retail rents all turned bearish. And respondents see retail as having the dimmest outlook of any of the major property sectors.
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