With
high retail vacancies in Southwestern Ontario and an unemployment rate of 9.6 percent in Windsor, Ontario, a stronger and more profitable retail sector should be desired, not feared.
Not exact matches
With a reputed
vacancy rate of less than 2 % on more than 40 million square feet of industrial, office and
retail property in the GTA, the company is known for moving fast, despite the
high - octane distraction of the Canadian Tire Motorsport Park, Fidani's pet project.
The past year was bustling for Long Island's residential and commercial real estate markets, with
high demand for homes, consistent office rents, relatively low
retail vacancies and continued demand... [more]
It was recently revealed by the Association of Graduate Recruiters that major companies are being given no fewer than 73 applications for the average graduate
vacancy, while the number can be even
higher in more specialised sectors; 154 people go for
retail jobs, while a further 142 fight over a position for investment banking.
With 7 million sq. ft. of
retail added since 1998, including 1.3 million sq. ft. last year,
vacancies have hit 7.5 %, according to Marcus & Millichap, with the
highest vacancies in Sacramento proper.
In Memphis,
retail vacancy is low, with practically no space available in
high - quality projects, says Terry McEwen, president of The Poag & McEwen Group, Memphis.
We are excited to bring a variety of new, top quality
retailers into this exceptionally vibrant
retail environment that has continued to thrive with consistent
high levels of traffic, top of industry sales volumes and low
vacancies,» said Randy Levinson of Shamrock Group
On the flip side, the second borrower was looking for $ 50 million in financing for a
retail condo property in SoHo in an area where
vacancies have ticked
higher and rents have dropped in the past year.
That low supply, coupled with demand from better - performing
retailers for quality space, helped push rents across all types of
retail real estate
higher and
vacancy rates down to about 10 percent at the end of 2015 from 11.1 percent in 2011 — as
retailers slowly shrugged off the recession's
vacancy spike.
Markets with low
retail vacancy rates include San Francisco and Long Island and ones with
high rates are Dayton and Tulsa, Okla..
However, «
retail vacancy is zero,» says Weinstein, noting that the Garment District, which does $ 9 billion in trade and
retail sales annually, has the
highest walk traffic in town.
Retail vacancies have reached a six - year
high, reports Seeking Alpha.
Retail vacancies have reached a six - year
high, reports Seeking...
The prevailing theory is that failing brick - and - mortar
retailers will mean
higher vacancies and bankruptcies for mall operators, with losses inflicted on CMBS holders.
Newer properties, particularly those located in
high - density areas with strong employment, report even lower
vacancy rates, says Julie Taylor, senior vice president of the
Retail Services Group at Cornish & Carey Commercial Newmark Knight Frank in San Francisco.
However, recovery in the
retail sector has remained sluggish, with
vacancies still
high and rents slow to rise.
Retail space in the Inland Empire was bifurcating at the end of the year, with properties built since 2010 commanding
higher rents and enjoying lower
vacancies than the overall market, according to a Q4 2017 report from NAI Capital.
Improvements in the global economy have lifted consumer and
retailer confidence, prompting landlords to push for
higher rents because
vacancy is low in the best shopping centers and districts.
The report underlines several potential benefits to incorporating these design initiatives into commercial development, including
higher demand, lower
vacancies, and a reduced need to make significant changes to accommodate different types of
retailers down the road.
For example, if
vacancies are
higher on the first six floors, an owner might want to consider alternative uses such as fitness centers, restaurants,
retail or residential units.
In Walnut Creek, Calif., for example, the
retail vacancy rate is now just 2.5 percent and rents are
high enough that developers can justify building new properties, according to John Sechser, senior vice president and director of
retail properties with Transwestern.