Not only will this year mark a resurgence in the multi-family real estate market, but retail will become stronger as well. Already this year, there has been an increase in the trading of new retail properties by REITs nationwide, with the activity projected to grow moving deeper into 2012. According to CoStar Group, “The deals highlight not only expanding investor interest for retail properties beyond the prime markets and core properties, but also a widening interest on the part of major national tenants to expand in mid-sized markets.” The majority of this activity has been in Tier B properties and neighborhoods. National tenants who are used to having spaces in larger and more desirable cities are now looking at how to adapt their stores to the smaller markets. This trend has, in turn, created more buyers in this Tier B market.
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