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Investment in Power Centers Spikes, In Spite of Troubles in the Larger Retail Sector

June 12, 2019

Investment in Power Centers Spikes, In Spite of Troubles in the Larger Retail Sector

June 5, 2019 | Sebastian Obando | National Real Estate Investor 


Investment sales involving power centers increased by 30.4 percent in the first quarter of 2019, marking it the most active first quarter since 2016, according to research from real estate services firm JLL.

“Power centers have seen a decline in transaction volume over the last couple of years. The subsector is transitioning from a low, tempered amount of activity to a bit of a spike, but it’s still all relative,” says Arielle Einhorn, research manager with JLL Investor Research. “It’s not that power centers are outperforming other sectors, it’s outperforming itself. It’s seeing new appetite come around.”

Overall transaction volume fell by 4.9 percent quarter-over-quarter through March 2019. Institutional investment in retail declined by 7.8 percent in the first quarter of 2019, though Richard Rizika, co-founder of Beta, a commercial real estate agency, notes “there’s increased institutional capital that is chasing after these power centers.”

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