The recovery of strip-center fundamentals is progressing at a pace slightly ahead of Green Street’s expectations, according to its recent report. The coronavirus Omicron variant warrants some concern, but drastic deterioration of strip-center fundamentals seems unlikely.
Strip-center asset values are up 6 percent, according to the report, due to both higher NOI estimates and lower cap rates.
Nashville earned top honors for rent and occupancy growth, followed by Atlanta and Raleigh-Durham, N.C.
<img class="alignnone wp-image-458954" src="https://irei.com/wp-content/uploads/2021/12/Screen-Shot-2021-12-08-at-2.36.04-PM.png.webp" alt="" width="542" height="268" />
To read the full report, <a href="https://irei.com/wp-content/uploads/2021/12/GreenStreet-REIT-StripCenterSectorUpdate-20211203.pdf">click here</a>.
