According to the ULI Real Estate Consensus Forecast released at the end of October, retail’s malaise is nationwide. Retail’s national vacancy rate remains a tick above its 20-year average at just under 11.0 percent and while rental growth for this year is estimated at 2.0 percent (slightly higher than the 20 year average of 1.4 percent), this slightly good news is offset by the ULI’s prediction that rental growth will falter and drop below average over the next several years.
the many excellent ways to go broke, relying on national averages to
predict that most local of industries—real estate—is among the top. If
the average national rent growth is already as flat as a newly-poured
foundation, what are the chances your region is negative?. . . more