CBRE professionals focused on all aspects of retail will attend the Carolinas ICSC Conference and Deal Making event March 20-21.

Retail professionals from CBRE’s Charlotte, Greenville, Charleston, Columbia and Atlanta offices, and from the affiliate CBRE office in Raleigh, will join at Booth 709 to bring the full spectrum of real estate services to clients, including leasing, capital markets, site selection and analytics. As these professionals are strictly focused on retail trends and product in the Carolinas or Southeast, their knowledge is specialized to best serve specific retailers’ goals.

According to CBRE Research, retail growth in the Charlotte market is occurring at a rapid pace. Absorption of retail space in the market is far exceeding new supply, allowing landlords to be aggressive. This has led to development in urban and suburban submarkets and asking rates for new construction has reached $30 per square foot.

Cap rates for investment-grade retail product in Charlotte have come in-line with national averages, indicating the market’s attractiveness to investors.

Across South Carolina, Charleston has shown strong demand in the tourism district and suburban markets. As population increases and the economy expands, asking rents are expected to hit peaks along King Street. Greenville has seen healthy restaurant activity and can expect development over the next two years. Columbia has also seen an increase in development, particularly among restaurants and mixed-use urban assets.     

“The retail world has changed dramatically. E-commerce is expected to claim nearly 14% of retail sales by the end of 2017. Millennials expect a seamless and engaging experience, and have been found to prefer brick and mortar shopping. The Carolinas are no different and our group across the Carolinas is prepared to advise existing retailers in the Carolinas and those retailers and investors looking to enter the market,” said Mike Lucier, First Vice President, CBRE Retail.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com.