Bisnow: 2015’s Defining Trends – Interview with Chad Firsel

2015’S DEFINING TRENDS Chicago Dec 21, 2015 Chuck Sudo, Bisnow, Chicago
Quantum Real Estate Advisors president Chad Firsel says retail pricing rose in a disciplined manner across core and core-plus shopping centers in all markets. Q3 and Q4, especially, were very good for investor demand in secondary and tertiary markets. Chad says the “Mariano’s effect” (shopping centers anchored by supermarkets garnering large prices) resulted in rich rents for owners. There’s a large influx of grocers to the market that hasn’t been seen in years. One area of weak performance: non-regional shopping centers. Malls without an anchor tenant have been very hard to move.

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