If the top -
tier market leases and price of employees is too high in top markets, it can be cheaper just to go to a place like Ohama,» he says.
Not exact matches
But in the next
tier of
markets, investors are taking on at least a little more risk and
leasing is starting to fatten out.
«For example, our (CBL's) expertise includes
leasing, our ability to understand
markets in second - and third -
tier cities, and in redeveloping or repositioning properties,» Honnold explains.
Speaking on a separate panel about commercial debt, Owen Bouton, a vice president at Dallas - based lender LStar Capital, said he also thought that unanchored strip centers in third -
tier markets are going to struggle to refinance loans issued during the
market peaks of 2006 and 2007 as their ten - year
leases come up for renewal.