Monday, April 25, 2011

On the Other Hand, the Good News Department - Local Retail Vacancies Below 10%

THIS is what I want to read.  And my retail developer clients want to read it even more.  Thank you Crains and thank you CBRE for the optimistic report.

The even better news?  Net asking rents are up about 3% from the previous quarter. So even though some retailers want to curb store size (Kohl's being the latest big box to join the trend, according to this WSJ piece today), they will want the store fronts. Let's see if it holds.