Wednesday, January 18, 2017

Retail Rents in Major Cities Are Beginning to Descend

Miami retail Lincoln RoadDepartment stores and specialty retailers have been under constant pressure from industry-changing forces, including the rise of e-commerce, fierce competition in the brick-and-mortar space and changing consumer tastes. Something had to give.

That something, according to retail real estate experts, is asking rents. At the recent ICSC’s New York National Dealmaking Conference, executives including Anjee Solanki, national director of U.S. retail services with Colliers International, noted that retail rents are softening across property types.. . . more

No comments: