Sacramento ranks high in list of distressed retail real estate - Bizjournals.com
Sacramento ranks No. 9 on a list released Thursday of the metropolitan markets with the largest potential for distressed retail real estate assets.
Madison Marquette , which owns 20 million square feet of retail and mixed-use properties across the country, compiled the list with its own research along with that of CoStar , a commercial real estate information company.
Washington, D.C.-based Madison Marquette reported the list in its Place Magazine blog. The company ranked 63 metro areas based on how likely they were to produce distressed assets in years to come, Walter Bialas, vice president of research, wrote in his blog. The list was determined by velocity of vacancy rate deterioration, current vacancy rate, net absorption of new inventory, new inventory in the pipeline and level of pre-leasing, he wrote.
The 63 markets were chosen because those are the markets for which CoStar does reporting, said Jeff Ingram, Madison Marquette spokesman.