1. Suburbs will continue to dominate in 2024 due to housing affordability, migration within large MSAs and, employers moving to remote or hybrid work model.
2. Green ESG initiatives that lower expenses or increase income in the long term will continue to grow e.g., installing solar panels, water saving fixtures, LED lights, EV charging stations in parking lots, etc.
3. New retail development will remain low due to higher development costs. Building costs have come down, but not to 2019 levels.
4. CBRE estimates 14 million square feet of multi-tenant retail space to come online in 2024, which is less than half of projected demand for the year. Due to this shortage more and more retailers are adapting their store layout to existing retail space available. Store size and layout is changing from fixed to flexible.
5. With Interest rates projected to gradually start coming down in 2024 and, new capital wanting to come into the market, retail real estate is expected to stay in demand. We anticipate more deal making activity starting Q2-2024, as buyer-seller price expectations are slowly bridging closer.

4Ds of Global Real Estate
Famous hockey player, Wayne Gretzky often quoted….”Skate to where the puck is going to be, not where it has been.”, which was originally coined by