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.
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