The Shopping Center Golden Age Has Longevity ...Middle East

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The Shopping Center Golden Age Has Longevity
Luis Alvarez We have already discussed how strong shopping center fundamentals are, given the lack of development in the last 15 years and demand approaching a point of full occupancy. The question I want to address today is – How long can it last? To address this question, let us first explore the mechanisms that govern the length of a real estate cycle. The length of a real estate cycle Real estate is inherently cyclical, as it has internal feedback mechanisms that keep it in check. When a given property type is performing poorly, development of that property type is no longer viable, such that supply declines over time relative to demand. The lower relative supply improves the fund

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