652: Retail Has Generated Renewed Interest

Although retail has been out of favor over the past several years with the threat of ecommerce, it’s gained traction more recently. As opposed to being venues for traditional soft goods stores, retail space is becoming utilized for other purposes such as medical services, boutique gyms, and restaurants. There’s also been negligible new construction since 2008, so demand for space has outgrown supply, which has resulted in mid-90% occupancy rates nationally.  Alex Smith, Co-founder and Managing Partner of  Regal Ventures, acquires retail, mixed use, and small bay industrial mostly in New York and the greater Tri-State area.