Thursday, February 15, 2018

Needs of prospective tenants change as retail industry evolves

The Kuchma property at 245 Fairfield Ave., in Bridgeport, Conn. July 3, 2017. Photo: Ned Gerard / Hearst Connecticut Media / Connecticut PostThe retail industry is in flux, and those who broker leasing deals must stay on top of the changing needs and desires of merchants looking for space.

Michael “Mick” Consalvo, a commercial real estate broker for 30 years and vice president of Tower Realty in Brookfield, CT said retailers are looking for smaller spaces, lower rates and flexible lease terms more than in past years.. . . more

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