Excerpts from Article:
“Those include continued gains in consumer spending at stores and restaurants, and relatively scarce new construction of retail space, keeping supply low and rents rising at the most sought-after existing locations.”
“Barring a major economic event that rattles consumers, analysts and company leaders said current retail fundamentals are likely to stay in place for the rest of 2015 and well into 2016.“
“…companies holding well-located properties are able to drive leasing rates in environments such as the current one, where multiple national and regional retailers and restaurant companies are seeking expansion spaces. Like most of the major U.S. metro markets with strong retail markets, new retail-oriented construction remains relatively rare in San Diego County”
“Carlington said some firms, like ROIC and American Assets Trust, have fared well by focusing on properties on the West Coast, where new retail construction tends to be especially scarce compared with other U.S. regions, especially in coastal areas like San Diego.”
Citation and Link: Hirsh, Lou. 8 May 2015. Local Retail REITs Reap the Profits of Solid Fundamentals” San Diego Business Journal. 28 May 2015. http://www.sdbj.com/news/2015/may/08/local-retail-reits-reap-profits-solid-fundamentals/?page=1
Picture Citation and Link: “MoneyCrashers” 2015. “moneycrasheers.com.” 28 May 2015. http://www.moneycrashers.com/real-estate-investment-trust-investing-reits/