United States Retail Outlook – Q1 20180 Comment
Strong consumer confidence is signaling a positive year for retail sales but fundamentals are softening for most retail property types. After a slow start to 2018, retail sales have improved as the quarter closed and strong consumer spending should continue thanks to recent federal tax cuts and a healthy labor market. U.S. vacancies continue to compress but at a slower pace. Closure announcements are still rocking 2018 and will impact fundamentals in the second and third quarters as stores close.