IRR-Jackson Mid-Year Viewpoint 2015 Local Market Report - Retail
The retail market has entered the second phase of a recovery as evidenced by continued decreasing vacancy rates and stabilizing lease rates. There are still areas of the Jackson Metropolitan market area that may be experiencing signs of a recession, but overall most areas have entered the recovery phase.
The recovery will be aided by the lack of new construction of retail properties since 2010 which will allow for faster absorption of the existing vacant retail space. Based on the most recent data, the retail should enter the third phase of a recovery within the next year.
Download the full version PDF of this Local Market Report below. It includes graphs and tables.
IRR Mid-Year Viewpoint 2015 comprises a National Overview report and 300+ two-page Local Market Reports for all key property types as well as additional resources, including metrics methodology, graphs, and tables; these free reports may be downloaded from IRR’s site here.