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, Property Management
National shopping center company with approximately 100 million square feet of GLA in 39 states seeks a Vice President of Property Management for its western region portfolio. This position is responsible for managing all aspects of real estate operations for approximately 9.2 million squar...
|
Centro Properties Group | CA-San Diego | 11/19/09 |
|
Leasing Manager- Retail
Harsch Investment Properties is a dynamic, expanding real estate investment, development and management company, which owns and operates more than 130 properties throughout six Regional offices: Portland, Seattle, San Francisco Bay Area, Sacramento, San Diego and Las Vegas. The portfolio consists...
|
Harsch Investments | OR-Portland | 11/18/09 |
|
Senior Manager, Real Estate
T-Mobile USA is a national provider of wireless voice, messaging, and data services capable of reaching over 268 million Americans where they live, work, and play. In a world full of busy and fragmented lives, we at T-Mobile USA, Inc. have the idea that wireless communications can help.&nbs...
|
T-Mobile | WA-Bellevue | 11/18/09 |
|
Leasing Representative
Real estate management company in LA metro area is currently searching for a Leasing Representative. This position will be responsible for finding suitable tenants for the shopping center portfolio and negotiating lease renewals, amendments, relocations and options.&nbs...
|
Confidential | CA | 11/16/09 |
|
Director of Retail Leasing
If you’re looking for a rewarding career opportunity with an award-winning company, we’d like to hear from you! AvalonBay Communities, Inc., a national apartment real estate investment trust (REIT)/property management and development company, is looking for the right candidate t...
|
AvalonBay Communities | VA-Alexandria | 11/13/09 |
|
General Manager/Retail Specialist
Position Summary A prominent and successful national real estate company is recruiting for a General Manager/Retail Specialist to head up operations at one of its centers located in New Jersey in the greater Philadelphia region. The General Manager will have responsibility for directing day-to-da...
|
Confidential | NJ | 11/13/09 |
|
Director of Commercial Operations
Starpoint Commercial Management, LLC is seeking a Director of Commercial Operations for its Beverly Hills office. The Director will join our corporate team of thirty-five talented profesionals. Starpoint is dedicated to achieving excellence, growing our expertise,...
|
Starpoint Property Management, LLC | CA-Beverly Hills | 11/11/09 |
|
Senior Asset Manager
Firm and Position American Realty Advisors, a Los Angeles area based SEC registered commercial real estate investment manager with $3.7 billion in assets under management, is seeking a Senior Asset Manager to join its real estate professional team in our Chicago, Illinois office. ...
|
American Realty Advisors | IL-Chicago | 11/10/09 |
|
Senior Asset Manager
Firm and Position American Realty Advisors, a Los Angeles area based SEC registered commercial real estate investment manager with $3.7 billion in assets under management, is seeking a Senior Asset Manager to join its real estate professional team in our Glendale, California office.&nb...
|
American Realty Advisors | CA-Los Angeles | 11/10/09 |
|
Senior Real Estate Counsel
American Realty Advisors, a Los Angeles area based SEC registered real estate investment manager with $3.7 billion in assets under management, is seeking a Senior Real Estate Counsel to join its dynamic real estate professional team in our Glendale, California office. American is a p...
|
American Realty Advisors | CA-Los Angeles | 11/9/09 |
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