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Planning to expand your retail operation? Do your homework.
Oct 15, 2011 Shopping Center Business Spence J. Mehl
Whether you’re talking about the New York Stock Exchange or a flea market in Timbuktu, “buy low, sell high” is the rallying cry of savvy investors everywhere. So with the leverage retailers now enjoy in today’s moribund economy, it might seem like a no-brainer that chains of all types should be opening new stores as fast as their budgets will allow. After all, when is the last time anybody saw rents this low or so much quality real estate available? By locking into long-term leases today, retailers stand to be in great shape for years to come, right?
Unfortunately, it’s not quite that straightforward.