January 2, 2017
A recent research brief prepared by Marcus & Millichap noted that retail property operations are anticipated to strengthen in 2017, with net absorption outpacing development in most places. The company analysts also noted that vacancy will be at 5.2% by the end of 2017, the lowest level since 2000.
What’s been going on? Consumer confidence, mainly, with the post-election bump on Wall Street leading to incredible growth in core retail sales. Especially in demand were items in the health and personal care category, in which sales increased 6.2% in November 2016 (the latest information available) from the previous year.
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