{"id":1004801167,"date":"2026-06-07T16:09:03","date_gmt":"2026-06-08T00:09:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004801167"},"modified":"2026-06-07T16:09:05","modified_gmt":"2026-06-08T00:09:05","slug":"naree-special-report-retail-recovery-attracts-institutions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/naree-special-report-retail-recovery-attracts-institutions\/","title":{"rendered":"NAREE Special Report: Retail Recovery Attracts Institutions"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"620\" data-attachment-id=\"1004801169\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/retail-panel_naree26\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/retail-panel_NAREE26-e1780877100732.jpg\" data-orig-size=\"827,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Galaxy S23&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1780414589&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;5.4&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0166674&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"retail panel_NAREE26\" data-image-description=\"&lt;p&gt;NAREE 2026 (l. to r.): Moderator Joe Gose; Danny Finkle, JLL Capital Markets; Ian Pierce, Weitzman. Photo by Suzann D. Silverman&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;NAREE 2026 (l. to r.): Moderator Joe Gose; Danny Finkle, JLL Capital Markets; Ian Pierce, Weitzman. Photo by Suzann D. Silverman&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/retail-panel_NAREE26-e1780877100732.jpg?w=827\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/retail-panel_NAREE26-e1780877100732.jpg\" alt=\"NAREE 2026 (l. to r.): Moderator Joe Gose; Danny Finkle, JLL Capital Markets; Ian Pierce, Weitzman. Photo by Suzann D. Silverman\" class=\"wp-image-1004801169\" style=\"width:400px\"\/><figcaption class=\"wp-element-caption\">NAREE 2026 (l. to r.): Moderator Joe Gose; Danny Finkle, JLL Capital Markets; Ian Pierce, Weitzman. Photo by Suzann D. Silverman<\/figcaption><\/figure><\/div>\n\n\n<p>The retail recovery brought about by cessation of development is attracting institutional investors back to the sector. With owners remaining risk averse despite retailer frustration at the continued lack of new space, institutions have realized how strong retail fundamentals are, noted Danny Finkle, senior managing director &amp; co-leader of JLL\u2019s U.S. capital markets retail group, during the retail panel at the National Association of Real Estate Editors 60<sup>th<\/sup> Annual Real Estate Journalism Conference, which took place in Miami last week.<\/p>\n\n\n\n<p>It also helps that so many older and lower-performing malls have been successfully transformed. Finkle noted that the number of U.S. malls has dropped from a high of 1,500 at its peak to 750 today. At some point, it will probably be reduced to 600 nationwide, he predicted. The reduced competition is helping these remaining major fortress malls improve their performance\u2014which in turn is attracting lenders and investors.<\/p>\n\n\n\n<p>Meanwhile, transformation of Class B and C malls to other uses and for other types of retailers has likewise been so successful that those properties are also attracting buyer interest.<\/p>\n\n\n\n<p>\u201cIf the price is right, somebody is going to buy it,\u201d observed Ian Pierce, a senior vice president at Weitzman, the Texas-based retail-focused commercial real estate services firm.<\/p>\n\n\n\n<p>Some of those malls are refocusing around small, local tenants, effectively becoming incubator space, Pierce noted. They can charge these startups lower rent because of their space availability.<\/p>\n\n\n\n<p>Others continue to find success adapting around convenience and service rather than traditional retail, and their solid occupancy levels are allowing them to charge high rents for visibility and accessibility. The result is institutional-level growth that is achieving trades at 6 and 7 cap rates, down from the 8 to 9 caps they used to go for, Finkle noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stronger occupancies achieved through lack of development are attracting investors.<\/p>\n","protected":false},"author":755,"featured_media":1004801169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,21742,21749],"tags":[44006,40671,36912],"class_list":["post-1004801167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-investment","category-latest","category-retail","tag-jll-capital-markets","tag-national-association-of-real-estate-editors","tag-weitzman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NAREE Special Report: Retail Recovery Attracts Institutions - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/naree-special-report-retail-recovery-attracts-institutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAREE Special Report: Retail Recovery Attracts Institutions\" \/>\n<meta property=\"og:description\" content=\"Stronger occupancies achieved through lack of development are attracting investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/naree-special-report-retail-recovery-attracts-institutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-08T00:09:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-08T00:09:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/retail-panel_NAREE26-e1780877100732.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Suzann D. 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