298: The Demand For Neighborhood Retail Is Soaring

With the cost of construction and borrowing costs rising, it’s become prohibitive to build new neighborhood strip centers with very few new centers built in the last fifteen years. As a result, occupancy levels at existing properties in growing markets is in the mid-high 90’s and sometimes even 100%. Contributing to recent high occupancy trends are professional service companies like retail insurance agencies and other business-to-consumer companies, plus medical providers like dentists, chiropractors and clinics.  Todd Nepola, President of Current Capital Real Estate Group, has been buying retail centers in South Florida for 25 years and has generated great wealth for investors.