Search
 

Retail Tenants Pushing The Envelope

WALNUT CREEK, CA-With owners looking to lease up as the market recovers, retailers are making unprecedented demands, one expert tells GlobeSt.com.

By Carrie Rossenfeld | Updated on September 11, 2012

WALNUT CREEK, CA-It used to be that department-store and big-box retailers ruled the shopping-center arena, but these days retailers of much smaller size are calling the shots with their landlords, according to Hans Lapping, an attorney and partner with Miller Starr Regalia here. Whether acting out of fear or a perceived advantage over developers, smaller retailers are acting like mini anchors, often using each other for mutual advantage by insisting on co-tenancies galore and making demands on landlords. The result: Landlords’ scrambling to meet these retailers’ demands in order to lease up shopping centers as the market recovers.

“The good news is that now there is deal flow again, as opposed to a couple of years ago when retailers put the kibosh on some deals,” Lapping tells GlobeSt.com. “While Target, Apple and other name-brand companies that frankly appear to be recession proof continued to do deals, most retailers stayed on the sidelines and didn’t expand much, based on the economy as a whole.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.