Retail real estate is only as successful as the tenants who occupy the space. Currently, retailers are being hurt tremendously by the downturn in the economy. As incomes are being cut or lost, excess spending stops and retailers lose business. This in turn is causing rents to decline and vacancies to increase. Much of retail development is currently on hold, yet as the economy begins to recover and consumer confidence increases, there will be tremendous opportunities for retail investors, developers, and owners to capitalize on the upturn. Current opportunities include leasing and workouts with current tenants or buying underperforming assets now and revitalizing them through strong leasing efforts. Retail real estate will always have a large presence in the market, as the US has one of the most robust consumer economies in the world. The recovery will no doubt take time, but it will turn around and the retail property owners and tenants who can outlast the downturn will once again find success.
Markets are ranked based on their cumulative weighted-average scores for various indicators, including forecast employment change, vacancy, construction, housing affordability and rents.
| MSA | Rank 2009 | Rank 2008 | 08-09 Change |
| San Diego | 1 | 6 | 5 |
| San Francisco | 2 | 1 | 1 |
| Washington, D.C. | 3 | 5 | 2 |
| San Jose | 4 | 3 | 1 |
| Portland | 5 | 8 | 3 |
| New York City | 6 | 4 | 2 |
| Seattle | 7 | 2 | 5 |
| Orange County | 8 | 13 | 5 |
| Los Angeles | 9 | 9 | 0 |
| San Austin | 10 | 11 | 1 |
Source: Marcus & Millichap 2009 National Retail Report, "National Retail Index"

Source: The Real Estate Roundtable "Statistics about the Real Estate Industry"

Source: NAREIT www.reit.com "Annual Index Values & Returns, 1972-2008"

From the SelectLeaders/Cornell Job Barometer, Fall 2008
| Job Title / Description Hide Description | Company | Location | Posted |
|---|---|---|---|
|
Financial Analyst / Associate
Asset Manager - Analyst/Associate Los Angeles, CA$75-80k + BONUS A Los Angeles based, full-service real estate operating company and institutional investment advisor focused on the acquisition, development, operation and ownership of commercial properties throughout the United States, is see...
|
Wollborg/Michelson | CA-Torrance | 2/5/10 |
|
VP - Finance and Capital Markets
Job Description: The Vice President – Finance and Capital Markets, has two primary responsibilities; 1) sourcing debt and equity for Lucescu Realty sale transactions, and 2) head of the Company’s relationships and dealings with all types of financial institutions, including, but not l...
|
Lucescu Realty | CA-Newport Beach | 2/3/10 |
|
Director - Non-Traded REIT
SUMMARY This position is responsible for managing the day-to-day business planning and operations of the non-traded REIT. In addition, the Director will play an integral role in raising capital, managing the dealer manager relationship and communicating the Phillips Edison story to the broker de...
|
Phillips Edison & Company | OH-Cincinnati | 2/3/10 |
|
ANALYST - REAL ESTATE PRIVATE EQUITY
Our client, a Real Estate Private Equity firm is looking to hire a qualified real estate candidate to join their team as an Analyst. This analyst should have no more than 3 years total work experience, as this is truly an analyst position. Candidates with any type of post-graduate degree wi...
|
Career Group Search | CA-Southern California | 2/2/10 |
|
Asset Management Associate
Description A real estate investment firm with an office in NYC is looking for an asset management associate with experience in working out distressed residential and commercial loans. The firm is growing quickly, and has an entrepreneurial culture that provides excellent opportunities for ...
|
Confidential | NY | 2/2/10 |
|
Real Estate Asset Management & Investor Relations Professional
REAL ESTATE ASSET MANAGEMENT & INVESTOR RELATIONS PROFESSIONAL Position Summary:The Real Estate Asset Management & Investor Relations Professional will act as the first point of contact between the company & our investors. Primary Duties: ·Coordinate...
|
Gemini Real Estate Advisors | NY-New York | 2/2/10 |
|
Junior Property Accountant
JUNIOR PROPERTY ACCOUNTANT Position Summary: The Junior Property Accountant will be responsible for assisting the Senior Accountants & Property Managers. Primary Duties: •Daily review and approval of accounting transactions•Financial statement preparation; monthly for mul...
|
Gemini Real Estate Advisors | NC-Huntersville | 2/2/10 |
|
Lease Administrator
LEASE ADMINISTRATOR Position Summary:Established Commercial Real Estate firm with emphasis on Retail Real Estate seeks experienced Lease Administrator / Paralegal. Primary Duties: ·Process new leases and lease amendments·Abstract leases, and ensure compliance o...
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Gemini Real Estate Advisors | NC-Huntersville | 2/2/10 |
|
Manager LLC-Shopping Center
MUST BE BASED IN LOS ANGELES:Wanted: Seasoned shopping center manager for approx. 224, 000 +sf property in distress. Appropriate candidate requires extensive experience in overseeing an onsite management company for City of Industry area shopping center in such circumstances. ...
|
Confidiential | CA-Los Angeles | 1/27/10 |
|
Asset Management Analyst Contractor
Provides entry level to intermediate analytical and technical support to the evaluation of assets and prospective leases. Prepares detailed spreadsheet based lease case preparation analyses and detailed cash flow analyses. Assists with annual budget and business plan preparations. Understan...
|
USAA Real Estate Company | TX-San Antonio | 1/26/10 |
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