Chad Byerly shares insights with Connect CRE: What’s really happening to retail?
Senior Vice President
TULSA, Okla. (July 3, 2023) — Chad Byerly, senior vice president in Northmarq’s Tulsa office, recently shared his insights on the commercial real estate retail market in a Connect CRE article titled, “What’s REALLY happening to retail?”
Some headlines state that retail investments are “the new darling of the CRE industry,” and others state that it’s nearing collapse. Byerly said it’s somewhere in between.
“Although consumers like the convenience of online shopping, they also like to physically go to the stores,” Byerly said. “As a result, brick-and-mortar remains a primary point for consumer shopping.”
The primary challenge for retail investors, owners and builders is still interest rates. In the net lease space, this uncertainty is confronting available cash and inventory.
“Buyers in this space want strong tenants, typically with long-term leases,” Byerly said.
Topics covered in the article include:
• Core fundamentals supporting retail spending.
• Brick-and-mortar space demand.
• Strong retailers.
• Investors’ expectations.
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