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 |
|---|---|---|---|
|
Executive Assistant to President/CEO
About Lucescu Realty:
LUCESCU REALTY, headquartered in Newport Beach, California, is a market leading investment real estate services firm that uniquely combines major capital markets expertise with a complete and thorough understanding of real estate fundamentals to execute a ...
|
Lucescu Realty | CA-Newport Beach | 9/1/10 |
|
PORTFOLIO MANAGEMENT COORDINATOR
Portfolio Management Coordinator
Full-time, Non-Exempt
This position provides executive administrative support to our two Senior Asset Managers in the Washington, D.C. office as well as additional support to the Portfolio Management Team.
ES...
|
Grosvenor | DC-Washington | 8/31/10 |
|
property administrator
PROPERTY ADMINISTRATOR (Englewood Cliffs, NJ)Position requires excellent oral and written communication skills, must be extremely organized, detail oriented, computer literate with general office experience to assist in managing commercial properties. Candidate will be responsible for dea...
|
SEGBRO | NJ-ENGLEWOOD CLIFFS | 8/31/10 |
|
Associate
Allied Advisors is seeking an Associate who desires to pursue a career in real estate investment banking. Candidates should have strong quantitative and qualitative abilities and computer proficiency. Excellent writing skills and strong time management abilities.
Primary responsibilities ...
|
Allied Advisors, LLC | TX-Houston | 8/28/10 |
|
Marketing Internship
The International Council of Shopping Centers (ICSC) is looking to fill a summer internship position in its marketing department. @ICSC is the global trade and professional association of the retail real estate industry. With over 60,000 members worldwide, the association represents all face...
|
International Council of Shopping Centers | NY-New York | 8/26/10 |
|
Investment Consultant - Director of U.S. Investments
SUMMARY:
We are conducting a search on behalf of an integrated European headquartered investment and operating platform that invests in real estate both directly and through joint ventures. The firm seeks a seasoned professional to create and steward the firm'...
|
SelectLeaders | NY-New York City | 8/25/10 |
|
Transaction Analyst
DRA Advisors LLC is a registered investment advisor specializing in real estate investment and management services for institutional and private investors. DRA currently has over $9 billion in assets under management.
Since 1986, DRA's focus has been consistent: conservative,...
|
DRA Advisors LLC | NY-New York | 8/24/10 |
|
Property Manager
Trigild is rapidly growing and has a need for an experienced office, retail and multi-family Property Manager for the greater Sacramento, Stockton, Walnut Creek area. The ideal candidate will be a self starter with excellent time management skills and the ability to travel at 40%. Mu...
|
Trigild Associates | CA-Sacramento | 8/23/10 |
|
Associate Vice President, Commercial Operations
McKinley Inc., a national leader in the real estate industry has an exciting opportunity for a Commercial AVP/Regional Property Manager who will be based in our Ann Arbor, MI office.
The Responsibilities for this key role include:
Leadership...
|
McKinley | MI-Ann Arbor | 8/20/10 |
|
Senior Accountant/Financial Analyst
Centennial Real Estate Company is a national investment/development company specializing in retail properties. The Senior Accountant/Financial Analyst position is for a dynamic self- managing individual with an accounting/finance background.The candidate should be highly professional a...
|
Centennial Real Estate Company | TX-Dallas | 8/20/10 |
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