Retailers Joining in on the Recovery

Recent analysis by RBC Capital Markets shows  demand from retailers, as evidenced by planned store openings, continues to grow.  At the same time plans for new supply, either among regional malls or community centers, remains subdued with little uptick in planned deliveries.   National tenants, especially franchises, continue to scoop up vacancy among spaces of 5,000 square feet and smaller. At the same time, large box users are struggling to find sufficient space to satisfy planned store openings, RBC noted. It is  anticipated that vacancy rates and asking rents will continue to improve based on this information.