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Caution on the US storefront

Spires, S.

Caution on the US storefront - 2001 - National Real Estate Investor 43(8) 15 July 2001, 69(1) .

Looks at the impact of the slowing economy on the retail construction market in the United States. Suggests that despite the shaky economy retail construction is moving forward. According to Grubb & Ellis's "Retail Market Trends" newsletter, retail property markets have slowed with the economy, but not to the same degree. Meanwhile retail sales are continuing to register moderate, positive growth. Notes that the slow economy is impacting leasing markets, where there is pronounced sluggishness as tenants wait to see how quickly the economy will recover. Also discusses open-air developments, which make up a high percentage of the projects currently in development or proposed. Lifestyle centres are also growing in popularity among US developers.

Subjects--Topical Terms:
UNITED STATES
RETAIL PROPERTY
PROPERTY-COMMERCIAL PROPERTY-RETAIL PROPERTY-RETAIL PROPERTY MARKET
BUILT ENVIRONMENT
ECONOMY
LIFESTYLE CENTRES
OPEN-AIR DEVELOPMENTS

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