With consumers shifting how they shop and scores of store closures and retail bankruptcies, retail property owners across the U.S. are grappling to adapt. However, capital market experts say there are still ample opportunities for investors in the retail sector.
Despite challenges including e-commerce competition, there are bright spots when it comes to physical retail. For example, just 80 million sq. ft. of new retail space is under construction in the U.S., according to research firm the Costar Group. That’s helping keep vacancy in check. Research firm Reis reported the retail vacancy rate averaged 10.2 percent in the fourth quarter of 2019.. . . more