Tuesday, January 29, 2019

Average lease lengths drop to 4.5 years for general retail in malls

Chain Store Age
It’s a renter’s market in malls these days. In-line tenants are asking for shorter leases and getting them.

A CoStar study found leases for general retail and apparel tenants have fallen from an average of six years in the five-year period ending in 2007 to 4.5 years in the most recent period. Lease lengths for non-traditional tenants, meanwhile, have risen to an average of 5.6 years. . . . more