Income Opportunities REIT
Necessity-driven shopping centers poised for
growth
Sector Highlight
New supply of shopping centers has come to a halt, catalyst for continued rent growth
Square feet (In millions)
YoY change in shopping center space (1)
•Rent growth (%) (RHS)
180
160
140
120
100
80
60
40
5%
4%
3%
2%
1%
0%
Pandemic era
-1%
-2%
-3%
20
-4%
0
-5%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022"
At December 31, 2022. Source: US Census, ICSC and CoStar.
Data quoted represents past performance, which is no guarantee of future results. The information presented above does not reflect the performance of any fund or other account
managed or serviced by Cohen & Steers, and there is no guarantee that investors will experience the type of performance reflected above. There is no guarantee that any historical trend
illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend will begin. The views and opinions above are as of the date of this publication and
are subject to change without notice.
(1) GLA defined as gross leasable area.
20
20
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