News and Events
Retail Leases Under Pressure
Retail lease disposition is showing signs of distress in this down economy.
Dec 23, 2008 Women's Wear Daily Sharon Edelson
Retail lease disposition is showing signs of distress in this downtrodden economy. A record 8,000 to 9,000 leases have become available for distribution as a result of bankruptcies, liquidations and downsizings.
With more retail bankruptcies anticipated in the new year, available square footage is expected to grow exponentially. And with few retailers in expansion mode, there may be lots of dark spaces in shopping malls, strip centers and power centers.