What’s the Buzz Behind Multi-Tenant Retail?

Originally published by GlobeSt

Multi-tenant retail and open air shopping centers have emerged as a pandemic-era star in the post-COVID retail landscape – and the sub-sector remains one to watch in the near term. 

We sat down with Margaret Caldwell, Senior Vice President & Managing Director, and Jeff Cox, Managing Partner, Northmarq at this year’s ICSC Las Vegas show to talk about what makes multi-tenant retail an investor favorite in the current economic climate – and why tenant mix is so important. 

“It has been shocking what a bright spot it’s been,” said Margaret Caldwell. “Pre-COVID things were slow – and then COVID hit and the first year was pretty much dead unless the center was grocery-anchored. 

Since then cap rates have declined to 2007 rates. It’s been quite a surprise.” 

To hear what the two note about cap rates and more, press play. 

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