Real estate services firm Cushman & Wakefield, in a recent market commentary, noted that retail cap rates continued to rise in the fourth quarter, but the increase was more muted in the major metros. “Cap rate increases were driven by class-B and -C segments, while class-A yields seem to have stabilized,” the commentary read.
The retail market remains bifurcated, with great properties such as destination malls at one end and older properties with lesser-name retailers and occupancy challenges at the other, each with its own cap rate band, Clancy says.. . . more