According to Andrew Fallon, the scarcity of supply when it comes to both new construction and legacy assets, combined with the region’s favorable market fundamentals and the long-term intrinsic value of real estate, has led to a prevailing trend among investors who choose to hold properties for extended periods.
LAS VEGAS—“In a core market such as Washington, DC, and its surrounding sub-markets, demand is not just strong, but reaching unprecedented levels,” explained Andrew Fallon, executive managing director of SRS national net lease group and market leader in Washington, DC, when talking about retail trends. Fallon’s insights came during an interview with GlobeSt.com surrounding the ICSC Las Vegas event here in Las Vegas.
Unveiling the underlying allure of the region, Fallon emphasized the scarcity of supply when it comes to both new constructions and legacy assets. This scarcity, combined with the region’s favorable market fundamentals and the long-term intrinsic value of real estate, has led to a prevailing trend among investors who choose to hold properties for extended periods.
“They (investors) do so because they recognize the market’s potential for growth, given its burgeoning population and increasing wages,” Fallon explained. “In a market where these factors align, rents tend to rise, and real estate appreciates. Operating in such an environment, even during challenging times, proves to be highly advantageous.”
For the full story, go to GlobeSt.com.