Gains in consumer sentiment and strong holiday spending brought significant growth in Q4 2017 retail sales.
Despite continued retail store closures and rising availability across retail property segments, net absorption remained positive and net asking rents continued to grow.
The performance gap between prime and non-prime assets continued to grow across the major retail segments, with vacancies and availability rising for less than Class B assets, and retail demand remaining strong for prime assets.
New retail supply is limited, creating opportunities for redevelopment of existing properties.
Projections for 2018 are positive, with consumer sentiment and spending expected to see a boost from recently enacted tax reform.