NAI NBS Broker Buzz for October: Retail Market is Tenants' Market

In a recent column for the Daily Journal of Commerce, NAI NBS retail brokers Gina Barendrick and J.J. Unger highlighted the Portland metro retail market. Though this recession has been tough on retailers, they say the current climate is a retail tenant's market.

Here's an excerpt:

"Location, location, location. It's a saying many retailers take to heart. From restaurants to boutiques to grocery stores a prime location is a priority; however, Class A space in popular shopping centers can be costly.

This recession has been tough on retailers, but there is some good news. Increased vacancy in the retail market translates to lower rental rates so companies can move to a better location for less than they would in better economic times."

The whole article can be found here.