The New Normal in Retail Development and Leasing
Retail Development and Leasing Partner Janis Schiff authored a Washington Business Journal article titled "The New Normal in Retail Development and Leasing."
According to Ms. Schiff, in densely populated urban and suburban markets where unemployment is relatively low and income growth is considerable, retailers are clamoring to lease space and expand their operations. In the outer suburbs and rust belt urban areas where unemployment rates are over 10 percent, residential growth is nonexistent and same store sales are stagnant at best, Ms. Schiff writes that retailers are closing stores, reducing the size of their operations and putting future expansion on hold; however, there is a lot more going on in retail development and leasing. In the article, she discusses the various aspects of the new competitive reality for the tenants, lenders, owners and developers of retail properties in 2011 and beyond.