Investment sales involving power centers increased by 30.4 percent in the first quarter of 2019, marking it the most active first quarter since 2016, according to research from real estate services firm JLL.
“Power centers have seen a decline in transaction volume over the last couple of years. The subsector is transitioning from a low, tempered amount of activity to a bit of a spike, but it’s still all relative,” says Arielle Einhorn, research manager with JLL Investor Research. “It’s not that power centers are outperforming other sectors, it’s outperforming itself. It’s seeing new appetite come around.”. . . more