2021 IPA U.S. Retail Investment Outlook
Commercial Real Estate 2021: Adapting to the New Normal;
Trends, Insights and Outlook for Retail Investors
Retail market faces fragmented recovery in 2021. Property performance will fluctuate regionally and by building type as policymakers manage healthcare capacity against economic damage. In dense locations where stricter lockdowns are necessary to prevent the spread of COVID-19, many retailers will struggle to remain in business through the downturn despite a new round of stimulus. Suburban and rural retailers are likely to suffer fewer near-term impacts in the wake of the health crisis, along with properties that host essential businesses. Nonetheless, the consequences of shutdowns, particularly to small retailers and some already-teetering national brands, will ultimately lead to significant damage to some areas of the retail sector.