Category: SCT Newswire Articles
Topics: bog box, power center
Landlords are finding it easier to fill vacant big boxes these days, due to an uptick in expanding retailers and other unconventional tenants.“The stock of vacant boxes has come back to prerecession levels, and vacancy rates are now pretty consistent with overall vacancies,” said Todd Caruso, the senior managing director who heads CBRE’s retail owner/agency practice in the Americas. “We no longer have this massive disparity; the segment is growing with the strengthening economy, and new concepts are emerging and even breeding other concepts.” read more