2021 Retail Investor Survey Report

RETAIL INVESTMENT ADVISORS

13 2021 CAP RATE TRAJECTORY FOR GROCERY-ANCHORED CENTERS

PUBLIC REIT

20.5%

“ F

A L

L

PRIVATE REIT

0 -

5 0

B P

STAY THE SAME 52.3%

S ”

28.2%

FALL 0-50BPS 36.4%

R E S P O

INSTITUTIONAL INVESTOR / ADVISOR

N D

E N

T

P R

O F

17.9%

I L

E

PRIVATE INVESTOR

RISE 0-50BPS 7.5%

RISE MORE THAN 50BPS 3.7%

33.3%

CUSHMAN & WAKEFIELD // 13