Wednesday, June 7, 2017

Who Are the Most Likely Tenants to Backfill Empty Retail Big Boxes?

Image result for vacant Macy'sAs the retail industry continues with its metamorphosis, talk has turned to what will happen with all that extra big-box and mall anchor space that’s coming on the market?

From 36 to 37 million sq. ft. of retail space could be returned to the market by next year, according to a recent report by JLL Research, based on store closure announcements.

The next occupiers of the vacated spaces run the gamut, sources say, from specialty retailers to service providers to entertainment concepts to industrial and office space.. . . more

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