Description

Our October 7th episode features Sean Sharko and Austin Weisenbeck of Marcus & Millichap to discuss how retail has adapted in a post-COVID market. Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of its top CRE professionals. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Steve Narish sits with Sean and Austin to discuss recent trends and promising markets where retail assets are proving most resilient. Some key takeaways include: - Ecommerce was affecting retail's transformation long before the pandemic, while COVID accelerated those changes and pointed out successful and failing businesses in the retail industry. - The majority of deals happening during lockdown have successfully been able to find financing, whereas compared to the GFC, there was no debt available to support transaction volume. - General investor sentiment believes that COVID's impact on the economy is much more brief and temporary than the Great Recession. Lenders and landlords alike are giving relief, thanks to the financial flexibility that's still available. - Larger retail owners are tailoring their assets towards more mixed-use and multifamily purposes, whereas smaller shopping centers are staying retail-focused. Like this? Hop over to our blog to check out the latest CRE hot tips and insights: https://www.crexi.com/insights