According to John Loos (FNB Commercial Property Finance specialist in the property sector), entertainment and dining out will be the primary beneficiaries. Smaller centers are likely to outperform giant malls.
“The retail property market is much more stable than it was in the past, but still faces challenges.” “Some stability returned as curfews have been lifted and lockdowns regulations loosened,” Loos stated during a webinar Wednesday.
As the vaccine rollout continues, “The 2022 economy will return to 2019 levels real GDP growth. This will positively affect physical retail, particularly the entertainment and dining out sectors. This is expected to give rise to the enjoyment aspect of retail.
“However, consumers constraints are expected to continue to be significant.”
It is better to be smaller than you think.
Loos states that smaller retail centers focusing on high-frequency necessities are likely to continue outperforming more giant regional malls. However, the performance gap may narrow in 2022.
He predicts that retail property will be between the two other commercial property classes: the strong-performing industrial and the weak-performing office markets. This is due to the increase in work-from-home during the pandemic.
Loos believes that the office and hotel sectors will be the market’s underperformers in commercial property. Loos believes that only industrial property values will see positive real growth this year.
According to recorded history standards, retail property is now a very costly property class. It has experienced robust capital growth, rental inflation, and operating cost inflation since the mid-1990s. We believe that a further gradual accurate correction would be possible to align with weak long-term domestic economic fundamentals. Loos said that it is only a matter of how the sentence turns out. It is also difficult to grow online retail.
Loos predicts that the trend towards a rising retail vacancy rate will peak in 2019, based on the improvement in GDP since 2020. However, the gain may not be enough to relieve the pressure on fundamental rental properties.
“The retail sector’s tenants are battling and will continue their battle. However, we expect some improvement in tenant performance in 2022 as the 2020 recession effects fade and positive property income growth can be achieved. This would significantly improve over the -10.3% expected in 2020 and -4% in 2021. Loos stated that this, in turn, means that there is a low expectation for positive capital growth.
He also pointed out a decline in retail building activity due to the oversupply.
“The best thing about retail property is that it is expected to have a better year this year when values stabilize. We must be realistic when it comes to the retail property. Historical values are still high, and I don’t think they have fully recovered. Loos stated that online retail has a strong incentive to grow faster because a retail property is more expensive than it used to be over the years. However, we anticipate a much more stable year for retail properties, but it won’t be lighting the lamps.”
Malusi Mthuli from FNB’s commercial finance division in KwaZulu–Natal stated that there was still a market for retail property buyers in the province during the webinar.
He said, “There are many willing sellers on one side, but those with capital want some of these opportunities.”
He also noticed another retail trend in the province: consumer trade moved from damaged shopping centers in June 2021 to other centers that did not suffer the same fate.
Crystal Please has a TikTok girlfriend in Florida, The Cheating Allegations.
The “Martin & Gina” rapper Polo G (Taurus Trimani Bartlett) and his baby mama Crystal Please are in the news lately. According to @official_teetime, Crystal had at least one affair while Polo G was away. What is the truth? Are Polo G and Crystal gone?
What happened to Polo G’s girlfriend, Crystal Please?
In July 2021, rumors of cheating began to surface, just a few weeks after Polo G released his latest studio album, “Hall of Fame.”
Many believe that Crystal, who has a 2-year-old son named Tremani with Polo G, had an affair in the past with Polo G’s best friend. One story version claims that Crystal fell in love with a gay man. According to another version, Crystal began spending time with the mysterious man some time ago.
Others believe Crystal cheated on Polo G with a friend and a woman. @1more_4thegain, an Instagram user, claimed that Crystal had a TikTok girl in Florida.
Crystal is a prolific Twitter user and has used the platform several times over the last few days to share information about her personal life.
Crystal tweeted on Jul 14, 2021: “The next time you see my post on this page, just remember I’m in Love.”
The tweet could be taken to indicate that Crystal is back on the dating scene.
Crystal tweeted, “Hey everyone, I like girls,” on July 10, 2021.
The tweet likely fueled the flames of cheating rumors. It also clarified Crystal’s sexual orientation.
The identity of Crystal’s lover or lovers is a source of great confusion.
Crystal took to Twitter on July 10, 2021, to address rumors of her affair with Alize, a friend.
“Alize was at mine, but on my boy, we weren’t talking or having sex. If we did, b—-h? What if I did? Crystal wrote, “This [is]] my coochie. Stop clocking it.” “The only reason I’m clearing her out right now is that she’s in an intimate relationship.”
We can probably rule out Alize.
Action Pack and Young Rob are also rumored to be Crystal’s lovers. It is believed that @official_teetime first claimed that Crystal had affairs with high-profile rappers.
After learning of the cheating allegations, Polo G’s followers flooded Twitter with support.
After learning of the supposed developments between Polo G and his baby mama, Polo G’s followers took to Twitter to share self-deprecating jokes.
@DScott1024_ tweeted, “Ain’t Nobody Safe.”
@BuyingProperty_ wrote: “He better have more than Polo G because, if she doesn’t, she downgraded.”
Are these allegations true? Partially true? Completely false? Only time will answer.