Mike Sladich talks trends in the retail market with GlobeSt. in advance of ICSC Las Vegas
Originally published in GlobeSt.
LAS VEGAS (May 13, 2024) — In a recent discussion on emerging trends in retail commercial real estate in preparation for the upcoming ICSC Las Vegas conference, Mike Sladich, regional managing director at Northmarq, shed light on the retail landscape. Contrary to expectations, he says that distress opportunities in the market have not materialized as anticipated.
Despite raised funds and anticipation of a downturn akin to the global financial crisis, the retail sector paints a different picture. He notes that rents are on the rise, vacancy rates remain low and lenders exhibit flexibility in refinancing agreements.
Read the full story at GlobeSt.com.
The story was written by Natalie Dolce and appeared on GlobeSt.com on April 23, 2024. © 2024 ALM Global Properties, LLC. All rights reserved.
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