May 18, 2017
Irvine, CA and Silicon Valley, CA-based Ten-X released its latest U.S. Retail Market Outlook, including the top five ‘Buy’ and ‘Sell’ markets. Despite the retail sector’s malaise, several markets across the United States are not only weathering the storm, but are experiencing impressive growth.
Miami, Fort Lauderdale, Houston, Austin and Tampa are top ‘Buy’ markets for retail investors. These markets have been able to defy national trends, primarily attributed to robust local economies fueled by consistent job and population growth.
Oakland, Baltimore, Milwaukee, Memphis and Cleveland are the top markets in which Ten-X Research suggests that market conditions might cause investors to consider selling retail properties.
The Ten-X Research report also notes that e-commerce – the single largest secular threat to traditional retail – now comprises more than 13% of the industry’s sales, resulting in “agonizingly slow” growth in retail fundamentals.
For comments, questions or concerns, please contact Dennis Kaiser