By Bill Rose, National Director, National Retail Group, Marcus & Millichap Real Estate Services Inc.
The traditional dynamics of retail are fluctuating, and the lines that separate extreme-value stores and drugstores, for example, are becoming less evident.
With demand for single-tenant assets steadily increasing, and a dearth of investment-grade properties going on the market, buyer interest will shift toward assets with shorter lease terms or fewer tenants.
