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Retail Construction Activity at Historic Lows

Construction Financing Costs and Availability Outweigh Tight Fundamentals
The Shoppes of Valley Ridge in Ponte Vedra, Florida, is an increasingly rare sight: new retail space under construction. (CoStar)
The Shoppes of Valley Ridge in Ponte Vedra, Florida, is an increasingly rare sight: new retail space under construction. (CoStar)

The retail property sector has enjoyed a Goldilocks period of sorts over the past two and a half years, as demand has been strong enough to push available space to the lowest level in nearly two decades — but not so strong it elicits a surge of new development.

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