According to the U.S. Census Bureau: “The retail availability rate rose to 12%, a 50-bps increase from the previous quarter. However, the rate of increase slowed from Q1 2009 when retail availability rose 80-bps”. This seems consistent with retail sales numbers, indicating a trend whereby conditions are worsening, but at a slower rate than before.
Note: Availability is a space that is actively being marketed and available for tenant build-out within twelve months.
What can we take away from all of this? On the surface things are worse than 2008 and conditions have declined from Q1 to Q2. However the rate of decline has been leveling out, indicating that we may be close to hitting “bottom”, just how close we are, remains unknown. So we leave off with a cliffhanger, the question is: Will people be buying TV’s to see the ending? Let us know your thoughts.
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Guest Blogger: Calkain Companies
Calkain Companies, Inc. is a national, boutique commercial real estate firm, focusing on net lease investments, that provides brokerage and consulting services for both private and institutional clientele.
Calkain Companies, Inc. is a national, boutique commercial real estate firm, focusing on net lease investments, that provides brokerage and consulting services for both private and institutional clientele.
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2 comments - Post a Comment:
I doubt anyone will be buying TV's. Right now, they're trying to figure out if they can sell the one they have to buy groceries!
I don't think it will, not with unemployment above 10%.
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