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 |
|---|---|---|---|
|
Vice President and Analyst Positions
Vice President and Analyst Positions Savills is an international real estate investment banking firm offering the highest quality services in investment sales, debt and equity placement and strategic advisory work. The company's expertise spans the full range of property types...
|
Savills LLC | NY-New York | 11/5/09 |
|
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 | 11/5/09 |
|
Vice President, Property Management
Vice President, Property Management - Conshohocken, PANational shopping center company with approximately 100 million square feet of GLA in 39 states seeks a Vice President of Property Management for its mid-atlantic region portfolio. This position is responsible for managing all aspects of...
|
Centro Properties Group | PA-Conshohocken | 11/3/09 |
|
Property Manager
Commercial Real Estate ServicesSince 1953One Burlington Woods DriveBurlington, MA 01803PH: 781-273-5555 / Fax: 781-272-8408 ...
|
KeyPoint Partners, LLC | MA-Burlington | 11/2/09 |
|
Commercial Asst Mgr/Leasing Agent
Commercial Real Estate Co seeks Commercial Asset Manager and Leasing Professional to assist with Retail/Office only asset management and leasing matters, including, but not limited to, FINDING NEW TENANTS FOR RETAIL CENTERS IN CALIFORNIA thru hands on direct call marketing basis, handling lease r...
|
Confidential | CA | 10/29/09 |
|
Vice President - Finance
The Vice President of Finance will provide financial leadership to Phillips Edison & Company (PECO) in the best interests of its stakeholders. Responsibilities will include:With the CFO, ensure the development and implementation of a strategic plan for PECO to maximize shareho...
|
Phillips Edison & Company | OH-Cincinnati | 10/29/09 |
|
Leasing Manager
Leasing oversight of The Plant, San Jose, CA. The Leasing Manager shall be 100% responsible for managing the entire leasing process for below.The Plant. Retail = 91.0% leased, 57,937 square feet available for lease. Office = 0% leased, 3,858 square feet available for leas...
|
Westrust | CA-San Jose | 10/28/09 |
|
Retail Leasing Agent
Retail leasing agents needed on a contract basis - MUST HAVE retail brokerage experience in NYC Outerborough. Bars and restaurant experience strongly preferred. Strong sales skills and ability to work independently is a necessity. Must be able to canvas effectively and walk the market. ...
|
Confidential | NY | 10/28/09 |
|
LEASING
Motivated Leasing person needed for shopping center and office building in Holyoke Massachusetts. Salary and Bonus when leasing is completed. Must have car.
|
SEGBRO | MA-Holyoke | 10/28/09 |
|
Vice President of Acquisitions
Our firm has been retained to recruit a Vice President of Acquisitions to focus on the company's alternative investments that include multi-tenant retail, non-retail, joint venture and the more complex and structured investments. This is a critical position within the investment team a...
|
SelectLeaders | AZ-Phoenix | 10/27/09 |
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