Retail sales are up for the most part, and several chains are upping their expansion plans. But retailers en masse could still look for rent concessions in the near future.
What could apparently drive those requests is an increase in commodity prices.
But according to Richard Sokolov, president and COO of Simon Property Group, if it wasn't commodity prices, retailers would be coming to his firm asking for a break for one reason or another. Three years ago, for example, it could have been healthcare or gas prices, he said during Simon's first-quarter earnings call.
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