Every once and awhile you see something that leaves you speechless. This chart is from a report just issued by Eastdil Secured and it hit me like a gut punch. I couldn't believe that I had missed something that was so obvious. All of the major classes of commercial real estate over the last 15 years have grown their rental streams by 3-4% annually. But there is one glaring exception, and that is retail properties which did not have any rental growth over the last 15 years. Now, during that period, retail sales grew by 3.75% per year, and yet, retail is still at the levels of 2005. That is shocking. What do you think about this? Please post a comment.
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