The Art & Science of Developing Iconic Retail Properties with Terry Montesi (#431)

Retail vacancy has hit 4.4% after 17 years of near-zero new construction, making grocery-anchored and placemaking-driven retail the market's top-priced asset class.

• Retail flips to top asset class: Terry Montesi says retail vacancy sits at 4.4% nationally after almost no new spec shop space was built from 2009-2026, a 17-year dead cycle.
• Record deal pace: Trademark closed four retail deals in 30 days (roughly $110M average, one $40M) at Okill Plaza Austin, Anthem/Lincoln Square in Arlington, Dunham Point in Cypress, and a Southlake site.

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