Jason Maier named Retail Influencer by GlobeSt

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MINNEAPOLIS (May 2, 2023) — Jason Maier, senior vice president in Northmarq’s New York City office, has been named among GlobeSt.com’s Retail Influencers of the year.

Retail Influencers 2023
If it weren’t for the current economic uncertainty, we could say that it has never been a better time to be in retail real estate. Fundamentals are sound with vacancy rates at historic lows and for the first quarter of 2023, retail sales performed relatively well “showing the shallowest decline in deal volume across the major property types,” according to a report by MSCI.

It is easy to perform in this environment but the true test will come if the U.S. economy worsens and consumers pull back on spending, which many economists forecast will happen in the coming months. We believe that the men, women, teams and companies we have selected as our retail influencers for this year will be able to pass that test. After all, the sector has seen difficult times in the recent past and went on to not only survive but thrive.

Jason Maier
During his 23-year career in real estate, Northmarq SVP Jason Maier has sold more than $2 billion in commercial real estate. During the past 13 years at Stan Johnson Company and now Northmarq, Maier has represented some of the most prominent developers, private equity and institutions in the acquisition and disposition of trophy assets in the net lease sector. He was the founding broker of the New York office for Stan Johnson, which opened in September 2011. Prior to the pandemic, Maier focused on hyper-core, high-street retail, buying the most active corners available, a market that began to show weakness in 2018. As a result, he shifted to look for more value-add, shorter-term lease assets to shield his clients from decreases due to a slowdown in leasing and growth of retail. As the pandemic hit and an “essential businesses” subcategory was created within the net lease market, Maier shifted his attention toward these tenants. By the end of 2020, his focus was on medical, retail and office, and specifically pharmacy and grocery stores, as the pandemic exposed weaknesses in businesses he knew would struggle.

In this new normal, Maier is focused on being cognizant that many sectors and tenant business models may not have real longevity and that by staying nimble and aware of the broader markets, he can better advise his clients. Maier is frequently tapped by institutions and private equity funds to establish parameters for their acquisition programs and assist them in better understanding current market trends and segments. From 2020 to 2022, Maier closed 36 retail deals totaling $450 million. He is also active in Icare for Autism, an organization dedicated to assisting families of special needs children.

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