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Retail Traffic’s 2011 Forecast December 1, 2010

Posted by Sean Tufts in Blogs, Research/Data, Retail News.
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David Bodamer, Editor-in-Chief of Retail Traffic Magazine, just released their 2011 forecasts for retail real estate.  Overall, the attitude is significantly more positive than years past and we can only hope that things continue to loosen.  This forecast is made up of three good pieces from different aspects of our industry.  We can only hope that Retail Traffic is correct in stating:

Now, suddenly, it feels like the recovery is here. The numbers are bearing that out.

In the span of several weeks key industry metrics turned positive. Reis’ vacancy statistics for regional malls and community and shopping centers stopped rising for the first time in nearly four years. And rents on both property types stabilized.

In addition, numbers from Real Capital Analytics’ show that investment sales volumes on retail properties jumped in the third quarter and offers were up for the fourth quarter. The bid/ask gap between buyers and sellers has narrowed. Banks are increasingly dealing with dud loans and bad assets. Lenders are loosening up a bit. As a result, deal activity could double next year, bringing us back to a level of activity on par with 2004—before things got out of hand.”

The full article can be found here and is highly recommended reading.

ReCapNW will be putting together our 2010 review and 2011 forecast specific to the Northwest market over the next couple of weeks.  Stay tuned!

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