News and Events
Spending Ebb Puts Store Space at Risk
Casts a pall on resale values for this year and next
Jan 28, 2008 Financial Week Frank Byrt
With prospects of a sharp decline in consumer spending after a disappointing holiday sales season, retailers are announcing store closings at an alarming rate, casting a pall over the resale value of retail commercial real estate for this year and beyond.
The National Retail Federation has predicted that retail sales in 2008 will grow at the weakest pace in six years, and retailers are already responding by closing underperforming stores.