United States retail outlook - Q1 2019

Rethinking retail: landlords redevelop and repurpose retail space

May 30, 2019

As we approach the mid-point of 2019, we are seeing landlords and developers retooling retail through redevelopment into mixed-use and diversification of the tenant mix. Experiences and services will remain the watchwords for retail in coming years. Despite closures, there was still active demand in Q1 2019, especially from entertainment tenants, off-price retailers and fitness centers. US vacancy remained both low and flat at 4.4 percent. Rents rose 5.4 percent year-over-year. Retail construction is on the rise – up 3.1 percent from the previous quarter – and remains focused on mixed-use projects and urban infill. Read more…

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