Authors
Jennifer Jones
Director, Washington, D.C.
jjones@goulstonstorrs.com+1 202 721 1125
Karen O'Malley
Director, Boston
komalley@goulstonstorrs.com+1 617 574 3503
Lawrence Ferris
Counsel, Washington, D.C.
lferris@goulstonstorrs.com+1 202 721 1135Source
The Boston Business Journal
As keen observers are already aware, reports of the “death of brick-and-mortar” retail have been greatly exaggerated. Neither the ubiquity of e-commerce nor global pandemic have led to the industry’s demise. Unlike other commercial real estate markets, vacant retail space is in historically low supply, with an availability rate nearly 200 basis points below its historical average of 6.8%. So despite the current high interest rate environment and concerns over inflation, how is retail leasing managing not only to survive but to thrive?
Read more from attorneys Lawrence Ferris, Jennifer Jones, and Karen O'Malley in the Boston Business Journal.
With consumers willing to spend, and available space in short supply due to a lack of construction starts, retail continues to provide investors with exciting opportunities in an otherwise-bearish commercial real estate market.