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Retail Development Sees Renewed Momentum Along with Hurdles (VIDEO)
After a lengthy hiatus, development in the retail sector is gathering momentum again. That was the consensus among experts interviewed by Connect CRE at ICSC Las Vegas earlier this month.
However, it remains to be seen how much momentum there will be in the near term. “Because of the cost of capital and the amount of balance sheet adjustments that have to happen, I think that we’ll see development but it’s probably somewhere in the two- to three-year window,” said Arturo Sneider, CEO, Primestor Development.
In the video below, industry leaders offer insights on what’s driving renewed interest in development and the hurdles that need to be overcome. Along with Sneider, you’ll also hear from Owen Hutchison, EVP retail services, X-Team Retail Advisors; Dave Cheatham, president, X Team/Velocity Retail Group; Shahin Yazdi, executive managing director, Colliers Mortgage; and Darren Wood, principal, Providence Group.
- ◦Development
- ◦Financing
