Chad Byerly shares insights with Connect CRE: What’s really happening to retail?
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.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.