Regional Malls and National Retail Reports Released
Feb 21, 2017
We are pleased to announce the next two in our series of stand-alone research reports that dive into deeper detail than what was covered in the 2017 Viewpoint Annual Report:
2017 Viewpoint National Regional Malls Report
Written by: Raymond T. Cirz, MAI, CRE, FRICS, Executive Vice President Valuation, IRR - New York
Though many mall owners do face challenges, trophy malls, which are in the right place, with the right designs and merchandise mixes, are doing well. As for the Class B and C properties, new owners are starting to rely on viable repurposing strategies to make the real estate successful once again.
2017 Viewpoint National Retail Report
IRR’s Viewpoint 2017 Retail Report provides you commentary and metrics compiled by seasoned commercial real estate appraisers and consultants who have extensive knowledge of their markets.
Behind the Numbers
- All too often, retailers are shuttering stores, due to slowing sales, and puny profits.
- Real Capital Analytics (RCA) metrics notes that retail property sales volume dropped 12% from September 2015-September 2016.
But, Retail is Not One-Size-Fits-All
- The above-referenced RCA metrics indicated that the sales volume drop was due to a dearth of “megadeals” – single-family assets continue to hold their own among investors.
- Integra Realty Resources reports that 69% of all markets are in the Expansionary market cycle, with the remaining in Recovery.