Market Trends In Commercial Real Estate
Momentum Still Strong for Retail Bargain Hunters
“With the growth of e-commerce, consumers have become increasingly price-aware and are now accustomed to the convenience and immediacy of online shopping, and brick-and-mortar retailers have been challenged to find ways to get those customers out of the comfort of their computer chairs and back into the store. Off-price retailers such as Nordstrom Rack and TJX Companies have proven to be somewhat immune to the threat of e-commerce because they offer customers a rapidly changing inventory of designer-quality products at significant discounts that cannot be easily found online, which gives these price-savvy customers the reward of a successful bargain hunt.”
– Bob Smietana, CEO of HSA Commercial
Economy to Continue Brisk Pace
“Most of the signals we are seeing in the market and hearing from our clients indicate that we aren’t nearing the end of the current real estate cycle just yet. The economy is healthy, with strong access to financing and capital, and real estate fundamentals are strong.”
– Greg Williams, KPMG National Sector Leader
Source and Credit: CIRE Magazine
To learn more about market trends in North Carolina, contact the experts at The Chambers Group. Since its founding in 1999, The Chambers Group has established itself as one of the leading Tenant and Landlord representative brokerage firms in the Southeast. Contact us at 704-752-8350 for our Charlotte office or 919-900-2201 for our Raleigh office. Email inquiries can be sent to info@chambers-group.com
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