Cashing in on Necessity
After sitting backstage for some time, necessity retail is well-positioned to make some noise, and investors are listening.
Institutional investors are shifting their focus towards retail and for good reason. The dust has settled post-COVID, and grocery-anchored retail centers have proven their resiliency despite the ease of buying groceries online. A shake-up of tenant mix to align with today’s consumer needs is necessary, and retailers are willing to pay up to be part of a community’s thriving grocery-anchored retail center. Today, retail centers with anchors of culturally relevant regional and national chains and local independents have proven to be the star performers with the foot-traffic to prove it. All these tailwinds, combined with a lack of new-builds in the sector, means that owners are holding the cards and have runway to grow value.
Read the complete Market Commentary: “Cashing in on Necessity” below:
