627: The Demand For Neighborhood Retail Is At All-Time Highs

Ecommerce has plateaued at 16% of total retail sales. Concurrently, the cost of land, borrowing, and construction has made it prohibitive to build new neighborhood retail centers. As a result, occupancy at existing properties in many markets is in the mid-high 90’s and sometimes even 100%. There’s a huge demand for space from restaurants, yoga and Pilates studios, gyms, massage clinics, plus other medical providers like dentists, chiropractors and joint clinics.  Todd Nepola, President of Current Capital Real Estate Group, has been buying retail centers in South Florida for 25 years and has generated great wealth for investors.