Retail landlords are finally sighing in relief as leasing begins to pick up in earnest. This year’s RECon show in Las Vegas has been marked by an across-the-board optimism about tenant activity, with both owners and brokers reporting a spike in meetings about new store openings and expansions...
The number of new projects is still up significantly from four years ago, according to Kyle Miller, corporate managing director in the national retail services group of real estate services firm Savills Studley. And with leases being signed faster and financing easier to obtain the development cycle has become shorter. At the same time, “you are not seeing an explosion,” Miller said. “You just start noticing new development.”Retailers In Expansion Mode, Ground-Up Development Still Challenging
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National Office Sector Report (Q4 2014)