The fourth quarter of 2012 is shaping up to be an extremely strong period for retailsales, with overall transaction volume looking to overtake last year’s levels by a mile.
In October, sales of significant retail properties rose 10 percent year-over-year, to $4 billion, according to Real Capital Analytics (RCA), a New York City-based research firm. Year-to-date, retail Blackstone’s purchase of Centro’s U.S. portfolio are taking out of the equation, year-to-date sales volume is up 31 percent.sales volume is up 7 percent compared to 2011, at $38.4 billion. If last year’s large entity-level transactions such as
In addition, RCA reports that average cap rates on retailfell 10 basis points in October, to 7.3 percent.
To read the rest of this story, please visit RetailTrafficMag.com.