Buyer and Seller Gap Widens

Long Island Retail Market
November 2023 Update

listripmalls.com
Anthony Ciafardoni

Bid-Ask Spread
Widening
Neither buyers nor sellers blinking
Long Island Strip Mall & NNN Market  ·  Silber Investment Properties

The spread between what sellers think their property is worth and what buyers will pay has widened. Neither side is blinking. That gap closes one of two ways — rates drop and buyers come up, or sellers come down.

Q1 2024 will be telling. For now, November is quiet. Not dead, just slow.

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