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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