NEWS

Bisnow reports that major retail REITs are coming off a strong third quarter

X Team Retail Advisors posted Bisnow Article below:
In what looks like good news for retail, despite high interest rates, and slowing consumer spending, publicly traded retail owners have reported surging occupancy, allowing them to raise rents and boost their outlook for the rest of the year. Bisnow reports that major retail REITs are coming off a strong third quarter, with executives expressing a general sense of optimism as retailers are willing to pay more for the space amid record-low levels of available square footage nationally.

‘Counterintuitive’ Strength In Brick-And-Mortar Lifts Outlook For Retail REITs

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