Chain Store Age
Retail real estate completions came in just under 8 million sq. ft.
in the first quarter of 2018, a 23% decline from Q1 2017. That plus a
falloff in the number of store closures helped continue an ongoing trend
toward an increase in net absorption and higher rents, according to
Overall net absorption was positive at 14.2 million sq. ft. and up
significantly from a record-low level of 811,000 sq. ft. in Q1 2017.
Fewer closings had the biggest impact on this measure, which was also
driven by gains in the high street, freestanding properties category
(6.6 million sq. ft. absorbed) and the neighborhood, community &
strip centers segment (5.6 million sq. ft. absorbed), according to CBRE
analysts.. . . more