2018 Retail Investment Year-End Market Summary
As we enter 2019, the Northeast Florida market remains robust and continues to be of interest for buyers of all property types, including retail properties. Here on the First Coast, investors deployed about $341.5M± toward the acquisition of retail investment assets in 2018, an increase of about 10% over the 2017 total ($310.6M±). Looking closer, this 10% overall rise in total retail sales volume only tells part of the story. In fact, there was a 31% increase in shopping centers sales, and 15% decrease (YOY) in STNL sales, something that can only be understood after categorizing each transaction as a Shopping Center or Single Tenant Net Leased (“STNL”) trade, as we do in our retail investment reports.