Grocery-anchored shopping centers happen to comprise a significant portion of our portfolio, and retail is indeed resilient.
It’s Q3 of 2024, and retail continues to perform well, especially grocery-anchored neighborhood shopping centers. While office vacancies continue to rise, retail remains resilient, thriving alongside e-commerce. Al Brooks, head of commercial real estate at JP Morgan Chase, shares more insights regarding the fate of various CRE asset classes in 2024: https://bit.ly/3W4M9M0.