Friday, September 2, 2016

Retail Rents Rising As Vacancies Fall

Retail rents are increasing as the number of vacancies diminishes.Thanks to a robust U.S. economy powered by consumer spending, vacant retail rental space is forecasted to decline in the next several years, while rental prices are forecasted to rise, according to Cushman & Wakefield’s recently released U.S. Macro Forecast.

Cushman & Wakefield predicts that demand for retail space will largely focus on Class A rental locations, mainly occupied by luxury retail brands, seeing the highest levels of demand, the lowest vacancy levels and a growth in rental prices.. . . more

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