Department 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