Features

Atlanta’s retail market is defined by high rents, strong demand and obstacles to both sales and development that have stymied activity. In terms of fundamentals, it’s hard to point to a time when Atlanta’s retail market was healthier than it stands today. For starters, the market’s retail space commands the highest asking rental rates on record. Since the end of 2019, Atlanta’s asking rental rates have increased by a mean of 37 percent, according to second-quarter research from Marcus & Millichap. “We are seeing asking rental rates reach all-time highs …

Texas’s latest developments feature a common thread: a sense of place. Why are people drawn to spend money and time at certain places in a city? What makes someone want to do their shopping, stop for coffee or plan a date night at one spot versus another? Sometimes, it’s a special location or an emotional connection to a particular vendor. But in many instances, the draw is entirely by design. It’s an intentional, strategic urban planning tactic that’s been around for decades, and it’s called placemaking. What Is Placemaking?The concept …

Brokers, owners and developers active in the Mid-Atlantic’s retail sector describe a market buoyed by a strong consumer base, though the landscape varies somewhat across urban and suburban areas.  Even as the Mid-Atlantic contends with higher interest rates and a drop in daytime traffic within urban centers as a result of new work-from-home practices, retail in the region continues to shine. According to sources interviewed for this article, the market — despite these economic headwinds and uncertainties — is thriving and as strong as ever. As Richard Lake of Roadside …

Despite solid fundamentals at retail centers, investors are waiting for certainty in values, capital markets to transact. The U.S. retail market is currently on a long stretch of rock-solid performance at the property level. The national vacancy rate is at a healthy 4.1 percent, according to first-quarter 2024 research from CoStar Group. This comes one quarter after a stellar 4 percent vacancy rate at year-end 2023. What’s more is net store openings are on pace to be positive for the third consecutive year, according to research from Cushman & Wakefield. …