{"id":21585,"date":"2023-01-18T14:14:35","date_gmt":"2023-01-18T14:14:35","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=21585"},"modified":"2023-01-18T14:14:35","modified_gmt":"2023-01-18T14:14:35","slug":"recovery-in-prices-for-retail-space-accelerates","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/","title":{"rendered":"Recovery in Prices for Retail Space Accelerates"},"content":{"rendered":"\n<p>Retail space is in demand, and prices are rising. Net absorption of retail space during the third quarter reached the highest level since the fourth quarter of 2017, the National Association of REALTORS\u00ae reports. The biggest demand has been for general retail and neighborhood space.<\/p>\n\n\n\n<p>New retail supply has been low throughout the year. That has led to higher prices due to strong demand. Retail asking rents climbed 2.7% over year ago amounts. Strip retail centers have posted the highest year-over-year increase of any retail property at 3.4%, NAR reports. \u201cPower centers\u201d\u2014shopping centers that are usually anchored by tenants like home improvement, discount departments, and warehouse clubs and then have smaller tenants mixed in\u2014have seen significant growth. Also, smaller shopping centers such as neighborhood and strip centers have seen increasing demand throughout the year, Brandon Hardin, an NAR research economist, writes at the association\u2019s Economists\u2019 Outlook blog.<\/p>\n\n\n\n<p>The markets with the strongest year-over-year gains in asking rents were mostly centered in the Midwest, Southwest, and Southern metros, according to CoStar commercial data. The standout markets include Akron, Ohio; Las Vegas, Nev.; Tulsa, Okla.; Salt Lake City, Utah; Fort Lauderdale, Fla.; Jacksonville, Fla.; Atlanta, Ga.; Nashville, Tenn; Tampa, Fla.; and Cincinnati, Ohio.<\/p>\n\n\n\n<p>Still, malls remain vulnerable, Hardin notes. Net absorption had been improving in the third quarter but started to reverse as of Dec. 9 as a new strain of COVID-19 sparks fears across the country. Mall vacancies have increased by 8.4% over the past year, and asking rents have risen 2.3% year-over-year, NAR reports.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2023\/01\/money-g8f00ca0cc_640.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"379\" src=\"https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2023\/01\/money-g8f00ca0cc_640.jpg\" alt=\"\" class=\"wp-image-21586\" srcset=\"https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2023\/01\/money-g8f00ca0cc_640.jpg 640w, https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2023\/01\/money-g8f00ca0cc_640-300x178.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">Image by <a href=\"https:\/\/pixabay.com\/users\/nattanan23-6312362\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2724248\">Nattanan Kanchanaprat<\/a> from <a href=\"https:\/\/pixabay.com\/\/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2724248\">Pixabay<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail space is in demand, and prices are rising. Net absorption of retail space during the third quarter reached the highest level since the fourth quarter of 2017, the National Association of REALTORS\u00ae reports. The biggest demand has been for general retail and neighborhood space. New retail supply has been low throughout the year. That &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-21585","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Recovery in Prices for Retail Space Accelerates - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/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.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/recovery-in-prices-for-retail-space-accelerates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/recovery-in-prices-for-retail-space-accelerates\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Recovery in Prices for Retail Space Accelerates\",\"datePublished\":\"2023-01-18T14:14:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/recovery-in-prices-for-retail-space-accelerates\\\/\"},\"wordCount\":271,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/recovery-in-prices-for-retail-space-accelerates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/money-g8f00ca0cc_640.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/recovery-in-prices-for-retail-space-accelerates\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/recovery-in-prices-for-retail-space-accelerates\\\/\",\"name\":\"Recovery in Prices for Retail Space Accelerates - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Recovery in Prices for Retail Space Accelerates - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Recovery in Prices for Retail Space Accelerates","datePublished":"2023-01-18T14:14:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/"},"wordCount":271,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"image":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/#primaryimage"},"thumbnailUrl":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2023\/01\/money-g8f00ca0cc_640.jpg","keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/recovery-in-prices-for-retail-space-accelerates\/","name":"Recovery in Prices for Retail Space Accelerates - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.","sameAs":["http:\/\/www.anthonydidonato.net"],"url":"https:\/\/www.anthonydidonato.net\/wordpress\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts\/21585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/comments?post=21585"}],"version-history":[{"count":0,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts\/21585\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/media?parent=21585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/categories?post=21585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/tags?post=21585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}