April 2024 Special Report

Subsector’s Performance and Demand Prospects Stand Out in the Current Retail Landscape

Typically featuring diverse tenant mixes, unanchored strip centers are in a position of strength. Segment vacancy is at its lowest level since 2003, and the active construction pipeline is historically minimal. These conditions are now attracting some institutions and larger tenants to these centers; however, these properties remain quintessential targets for private investors and smaller retailers.

Key Features Include:

• Analysis of unanchored strip center property performance and leasing trends

• Identification of future demand drivers for smaller retail spaces

• Discussion of investment trends, opportunities for value creation and potential target markets

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