Crossman & Co. Delivers 2010 ICSC Florida Retail Report at ICSC’s West Florida Idea Exchange

TAMPA, Fla. --- Crossman & Company, which ranks as one of the largest third-party retail leasing and management firms in the Southeast, delivered its ICSC 2010 Florida Retail Report at the ICSC West Florida Idea Exchange held recently in Tampa.

Senior associate Justin Greider  (top right photo) presented the ICSC 2010 Florida Retail Report at the conference, and spoke about some of the highlights and significant trends found in the report.

“After seeing a dramatic decline in consumer spending in 2008 and early 2009, we saw consumers begin to increase their spending slightly throughout the second half of the year,” Greider stated.

The report showed that overall retail fundamentals declined, as expected, through 2009, with the statewide occupancy rate now at 89 percent, with Miami being the only market in the state remaining above 90 percent.

“In the 3rd and 4th quarters we saw stability returning to the market, in rents, occupancy, as well as on the capital market side,” Greider added.

For a copy of the report, contact Justin Greider at Jgreider@crossmanco.com  or 407-581-6225 or visit www.CrossmanCo.com.

For more information contact:

John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com