The Shopping Center market is undergoing a drastic change from the big box and mall platform. As the post-recession economy continues to strengthen, so does the demand for shopping center commercial real estate investments. Historically low cap rates have motivated owners and developers to improve their positions, giving them the ability to earn a higher yield than before. Within the retail market, rapid consumer spending has increased buyer’s confidence in the stability of shopping center investments.
Read the full market report for data regarding cap rates, new development, average price per square foot, total transactions and the future outlook of the shopping center real estate market.