CBRE: Optimistic Outlook and Redevelopment Strategies in Retail

CBRE highlighted robust fundamentals in the retail sector despite economic uncertainty. Class B malls have rebounded better than expected, with higher sales and occupancy rates, while class C malls are likely to undergo significant redevelopment. Retailers have strategies to navigate recessions, and growth-minded retailers will continue their expansion plans. The overall availability rate in the U.S. retail market is at a record low. Specific markets performing well include Chicago, Philadelphia, Houston, Phoenix, Miami, and Orlando, driven by factors like population growth, economy strength, tourism, and net migration.

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