As keen observers are already aware, reports of the "death of brick-and-mortar" retail have been greatly exaggerated. Neither the ubiquity of e-commerce nor global pandemic have led to the industry's demise. Unlike other commercial real estate markets, vacant retail space is in historically low supply, with an availability rate nearly 200 basis points below its historical average of 6.8%. So despite the current high interest rate environment and concerns over inflation, how is retail leasing managing not only to survive but to thrive?
Read more from attorneys Lawrence Ferris, Jennifer Jones, Karen O'Malley, and Brendan Smith in the Boston Business Journal.
Originally published in the the Boston Business Journal.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
