SAN DIEGO-Even with the Borders store closures, the retail real estate industry can expect pre-Recession store closing numbers annually said. Bill Rose, Marcus & Millichap's national director of retail. Those numbers should equate to about 4,000 closings per year, he told GlobeSt.com's Ian Ritter at the recent ICSC Western Division Conference.
Rose also touched on:
Retail store openings.
How market rents have come back.
The lack of new retail real estate development.
How unemployment is impacting the retail real estate industry.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.