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ICSC 2023: Retail Investment Sales Press On With Haircuts
May 22, 2023
Pricing corrections on retail assets are helping drive some properties into the market despite tight credit conditions.
Hessam Nadji, president and CEO of brokerage firm Marcus & Millichap, noted at Monday’s annual ICSC conference in Las Vegas that retail properties on the single-tenant side have dropped roughly 10 to 15 percent, and fallen 15 to 20 percent for multitenant assets.
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Hessam Nadji, president and CEO of brokerage firm Marcus & Millichap, noted at Monday’s annual ICSC conference in Las Vegas that retail properties on the single-tenant side have dropped roughly 10 to 15 percent, and fallen 15 to 20 percent for multitenant assets.
