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 |
|---|---|---|---|
|
Assistant Director of Development
Assistant Director of Development - Los Angeles, CA General Summary:Reports To Vice President, Senior Regional Director of New Development & Acquisitions, and in their assigned market(s), conceives, manages, and executes multiple, simultaneous development, acquisitions for redevel...
|
Weingarten Realty Investors | CA-Westminster | 3/10/10 |
|
Director of Capital Markets
PURPOSE Participate in the development and implementation of business strategies and plans by forecasting capital requirements, disbursements and implications of capital transactions on the company's financial metrics. Participate in the implementation of an effective and appropri...
|
Developers Diversified Realty | OH-Beachwood | 3/9/10 |
|
Property Manager
SUMMARY: Our client is a regional and well established Owner-Developer, and additionally offers a full range of commercial real estate services, including asset and property management, development and construction.Company has recently expanded through securing the property management...
|
SelectLeaders | PA-Philadelphia | 3/5/10 |
|
Director of InvestmentConsulting
American Realty Advisors, a Los Angeles area based SEC-registered real estate investment manager with $3.3 billion in assets under management is seeking a seasoned real estate professional to join its real estate finance and consulting team in our Glendale, California office. A...
|
American Realty Advisors | CA-Los Angeles | 3/4/10 |
|
Property Manager
West Los Angeles based investment company, focused on acquiring value-added retail, office and industrial properties throughout the United States, seeks a seasoned Property Manager. The dynamic and fast paced privately held firm focuses on under-performing properties in core and secondary ma...
|
BH Properties LLC | CA-Los Angeles | 2/26/10 |
|
International A+D Rep
Herman Miller works for a better world around you—with inventive designs, technologies and related services that improve the human experience wherever people work, heal, learn, and live. In 2009, we were again cited by FORTUNE as both the "Most Admired" in its industry and a...
|
Herman Miller | MI-Zeeland | 2/17/10 |
|
Head of Architecture
Company Our client is a large owner/developer of commercial real estate in the New York / New Jersey metro area. This position is based in New Jersey. Responsibilities The Head of Architecture will be responsible for all of the planning and design aspects of the firm’s deve...
|
Ferguson Partners | IL-Chicago | 2/11/10 |
|
CFO
CFO for small, entrepreneurial Boston area real estate development and investment firm Position overview Seeking individual with proven skills to serve as CFO for small, entrepreneurial real estate development and investment firm and to oversee a diverse group of prestigious asset...
|
Confidential | MA | 2/11/10 |
|
Facilities Customer Business Director
Sales Volume: $50M+Client Spend: $Up to $75M+Strategic business manager responsible for profitability objectives including contract execution of high tech O&M business with multiple Support Services and Project Management offering. Accountable for facility performance ...
|
Johnson Controls Inc. | NY-Rochester | 2/11/10 |
|
leasing
Shopping Center owner looking to hire an intern to lease a shopping center in Holyoke, Mass. Individual must have a car and be willing to spend considerable time in the market.
|
SEGBRO | NJ-ENGLEWOOD CLIFFS | 2/11/10 |
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