Why Strip Malls Are The New Commercial Real Estate Stars
Strip malls have emerged as a star performer in commercial real estate, boasting high occupancy rates and strong tenant demand.
The first quarter of the year saw strip mall occupancy rates reach an impressive 95.3%, a level not witnessed in eight years.
Businesses are signing leases in strip malls faster than retailers can move in, reflecting the sector's robust demand.
This resurgence is driven by retailers' desire to be closer to customers spending more time at home in the suburbs.
Despite potential concerns, the stability of strip malls suggests they remain an attractive investment, with only significant disruptive events likely to unsettle their success.
*Read more in CRE Daily's article by Jordan B. & Han-Gwon Lung, Strip Malls: The Hottest CRE Commodity Right Now, published on July 28, 2023.
