Pacific Northwest Retail Investment Market Update

Interest Rate Volatility Continues to Challenge MarketsEarly in my career I attempted to predict interest rate movements in our newsletter. I quickly learned to stay in my lane. In fact, I often tell my clients that if they think they can predict interest rates, they should be trading bonds instead of buying real estate.

The Hottest Real Estate Play Is in Your Neighborhood

Continuing our theme from last month, the Wall Street Journal recently published an article titled The Hottest Real-Estate Play Is in Your Neighborhood. The article highlights the growing popularity of strip retail centers.

Pacific Northwest Strip Retail Remains Strong

The pandemic has profoundly impacted the commercial real estate industry, causing significant challenges across all asset classes. Retail real estate, in particular, has faced uncertainty and disruption. However, despite current lending challenges in commercial real estate, strip centers are emerging as a favored asset class. One reason is their resilience.

ICSC Takeaways

We met with many clients and industry colleagues at the ICSC shopping center convention in Las Vegas last week. Here are a few of our takeaways: