Wednesday, October 30, 2013

Inching Along: Minor Improvement for Retail in the Third Quarter

  



 ATLANTA, GA – Going into the fourth quarter, the recovering retail market can be described by one word: tepid. Fundamentals are slowing improving, but no drastic changes in vacancy or rent occurred during the third quarter.

Michael Bull
Those were a few of the points made during the most recent episode of the “Commercial Real Estate Show” radio program, hosted by Michael Bull of Bull Realty. Bull and his guests discussed vacancy, tenants and the investment market.

 The total retail vacancy rate for the United States is currently 9.3 percent, said Jesse Tron, communications manager at the International Council of Shopping Centers (ICSC). “Community and neighborhood shopping centers are experiencing the highest vacancy rates,” he said.

Ron Wheeler

The national vacancy rates for community centers and neighborhood centers are 11.3 percent and 9.4 percent, respectively, Tron said. Comparatively, the vacancy rate for power centers is only 5.7 percent. “Retail has rebounded quite nicely from the recession, when total vacancy peaked at 11 percent,” he added.

 Discount retailers, medical users and fast-casual restaurants are the most active tenants when it comes to looking for retail space, said Ron Wheeler, CEO of Sembler. “We have probably leased more dollar stores during the past few years than in the history of our company,” he said.

Jack Halpern
As vacancy continues to decline, tenants are getting more creative with and flexible about the location and configuration of their space, said Jack Halpern, chairman of Halpern Enterprises. “For tenants that are interested in infill space, those locations often require a different format than what they are used to in the past,” he added.

 Though retail is experiencing slow and steady improvement, investors are still only looking at high-quality retail properties, guests said. “Generally speaking, it’s not a favored property type at the moment,” said Ryan Severino, senior economist at Reis. “Volumes have been lower than office and apartments because of the slow recovery in vacancy and rent.”

Ryan Severino
The entire episode on the U.S. retail market is available for download at www.CREshow.com. The next “Commercial Real Estate Show” will be available on Oct. 31 and will examine the multifamily market.

 For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404.405.2354

1 comment:

  1. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete