Retail REIT and CMBS investors were pleased with the recovery after The Great Recession when retail commercial real estate prices fell then rebounded. But we are seeing a crucial turn in retail real estate values.
The cause? The 2017 surge in retail store closings.
In terms of square footage, it is anticipated that retail store closings will be the largest in modern history.
This post was published at Wall Street Examiner on April 24, 2017.
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