Trends in the report:
- Retail sales rose for the sixth straight month, increasing 0.7% from August
- Demand remains on par with levels seen during the first half of the year
- Some traditional mall tenants have announced plans to relocate some of their mall stores to open-air neighborhood and community centers with higher foot traffic
- Major metros see positive rent growth with strongest in Sunbelt markets
- Tenants who have been most active in expansions include discounters and QSRs. In fact, F&B tenants accounted for almost 20% of all leasing activity in the last year
- Spending on experiences sees continued growth
- Retail sees strong M&A activity in Q3 and transaction volume on par with previous quarter
This quarter, we also included a full section on “Malls” and an update on all types of malls and centers. Page 21 – 30.
Download the report here.
