MIAMI—Despite the numerous big box retail closings and the negative market prognostications those closures have prompted, brokerage firm Transwestern believes a “retail apocalypse” is definitely not on the horizon.

Transwestern managing director with Florida's Capital Markets Group John F. Bell tells Globest.com that while big box retailers are struggling mightily, the demand for retail space from both conventional and non-conventional users will soften the blow from the closures from the likes of Toys R Us, Sears, Sam's Club, Bon Ton, Macy's, K-Mart, Best Buy and JC Penney.

While there will be some softness and “over reaction” by some as the retail sector continues its transition, Bell notes, “We are not going to see a situation where there is a 'retail apocalypse.'” He says that although the influence of e-commerce has taken its toll among conventional commodity-driven retailers, “there is not a void of interest in demand for those spaces, it is just different type of users that are not influenced by the Internet and they tend to be Internet-neutral or just not influenced by it at all.”