412: Neighborhood Retail Has Occupancy Levels Way Over 90%

One of the hottest asset classes right now is neighborhood retail. Although it was out of favor just a few years ago because people thought ecommerce would replace it, it has proven to be not only resilient, but incredibly stable. There has almost been no new construction for over fifteen years, so existing properties are seeing occupancy levels at way over 90%.  As a result, the competition to acquire these assets has gotten fierce.  Nate Melchior, Principal of Dunton Commercial, vertically manages his own retail portfolio and also third party manages a portfolio of 70 mid-size retail and office properties throughout Colorado.  In addition to pursuing retail properties to buy, Nate is also searching for highly discounted office properties in great submarkets.