Wednesday, November 7, 2018

Retail sales continue growth as availability declines across all major segments

Retail and food sales posted a 6.1% year-over-year gain in Q3.

The power and the lifestyle & mall segments rebounded with positive net absorption in Q3 after posting negative absorption in Q2. Increased availability is expected for the lifestyle & mall segment in Q4 due to Sears’ recent Chapter 11 filing.

Consumer sentiment remained historically high despite a small decline from previous quarters.
Availability rates declined across all retail segments, reflecting both buoyant consumer sales and positive net absorption.

Net asking rent increased slightly in Q3 to a 4.3% year-over-year gain.

Consumer spending is expected to post healthy growth for the holiday season, driven by low unemployment and rising incomes from tax cuts.

Source: "Retail sales continue growth as availability declines across all major segments". CBRE. Q3 2018 U.S. Retail Figures. Web Nov 7, 2018.


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