{"id":1004141577,"date":"2016-04-11T04:50:52","date_gmt":"2016-04-11T12:50:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141577"},"modified":"2025-02-25T04:23:13","modified_gmt":"2025-02-25T12:23:13","slug":"economy-watch-retail-market-makes-slow-progress-in-q1","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-retail-market-makes-slow-progress-in-q1\/","title":{"rendered":"Economy Watch: Retail Market Makes Slow Progress in Q1"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/retail.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004133257\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-retailers-anticipating-solid-holiday-sales\/retail-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/retail.jpg\" data-orig-size=\"275,183\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/retail.jpg?w=275\" class=\"alignright size-full wp-image-1004133257\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/retail.jpg\" alt=\"retail\" width=\"275\" height=\"183\" \/><\/a>CBRE Group&#8217;s latest <a href=\"https:\/\/www.cbre.com\/about\/media-center\/CBRE%20Q1%20Retail%20Release\" rel=\"nofollow noopener\" target=\"_blank\">quarterly report<\/a> released on Friday about the U.S. retail property market, offered a glimmer of better times for the long-beleaguered property type. According to the report, neighborhood, community and strip retail centers all continued their steady recovery in the first quarter of 2016, with nearly half of the 62 markets surveyed by the company reporting tighter availability.<\/p>\n<p>The three retail center formats registered an average availability rate of 11.2 percent in the first quarter, down 10 basis points from the fourth quarter. That&#8217;s the latest in a steady decline from 11.4 percent a during Q1 2015, and from a peak of 13.3 percent in 2011.<\/p>\n<p>Thirty of the 62 markets examined by CBRE posted declines in availability in Q1 2016. Among the markets enjoying quarter-over-quarter declines of 50 basis points or greater in their availability rates were Providence, R.I.; Trenton, N.J.; Raleigh, N.C.; and Bakersfield, Calif. By contrast, those suffering an increase in availability in the first quarter compared with the fourth were Pittsburgh, Indianapolis, Oakland, Calif. and Tulsa, Okla.<\/p>\n<p>But those are just averages. CBRE expects the retail industry overall to remain bifurcated, with each market\u2019s best-positioned shopping centers achieving the highest performance\u2014and highest rents\u2014as the rest have a tougher time boosting rents. That\u2019s the case even as U.S. retail sales have been lackluster recently, with sales up an estimated 3.1 percent in February from a year ago but sliding slightly downward in this year\u2019s first two months, according to the U.S. Department of Commerce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE Group&#8217;s latest U.S. retail report reveals improved demand for retail space in the first quarter of 2016, with better-positioned shopping centers achieving the highest performance.<\/p>\n","protected":false},"author":1269,"featured_media":1004133257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749],"tags":[],"class_list":["post-1004141577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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