LAS VEGAS—In a recent discussion on emerging trends in retail commercial real estate in preparation for the upcoming ICSC Las Vegas conference, Mike Sladich, Regional Managing Director at Northmarq, shed light on the retail landscape. Contrary to expectations, he says that distress opportunities in the market have not materialized as anticipated.
Despite raised funds and anticipation of a downturn akin to the global financial crisis, the retail sector paints a different picture. He notes that rents are on the rise, vacancy rates remain low, and lenders exhibit flexibility in refinancing agreements.
This post was originally published on 3rd party website mentioned in the title of this site