INDUSTRY NEWS & NOTES | QuOtaBles
CUSHMAN & WAKEFIELD
REPORT REVEALS POST-
RECESSION RETAILER
OPPORTUNITIES
Cushman & Wakefield, Inc., AMO®, recently released a
business briefing on U.S. retail opportunities entitled,
“When the Storm Passes.” The report outlines substantial
opportunities for retailers studying the market, intent on
gaining enhanced market share by capitalizing on landlord pressure to fill space.
According to the report, more than 130 million square
feet of big box space in the United States has gone dark
since the beginning of the recession due to store closings
and bankruptcies. While significant retail sector challenges persist, there are early signs of stabilization in key
areas. Consumer confidence in April reached its highest level in seven months. At the same time, consumer
spending registered a 2. 2 percent upswing. In addition,
annualized spending growth improved during each
month of the first quarter, with growth in March at its
highest level since 1985.
However, the report said substantial improvement in
consumer spending will be necessary to moderate the
rise in vacancy. Cushman & Wakefield’s analysis suggests
that a sustained increase in consumer demand will provide retailers with a unique opportunity to absorb vacant
space in high-productivity locations.
For more information on the Cushman & Wakefield
business briefing visit www.cushmanwakefield.com.
QUOTABLES
“If we could sell our
experiences for what they cost
us, we’d all be millionaires.”
—ABIGAIL VAN BUREN, AdvicE cOLUmniST
“ You can never plan the
future by the past.”
—EDMUND BURKE, iriSh STATESmAn
“I arise in the morning torn
between a desire to improve
the world and a desire to
enjoy the world. This makes it
hard to plan the day.”
—E. B. WHITE, AmEricAn AUThOr
“About the time we can make
the ends meet, somebody
moves the ends.”
—HERBERT HOOVER, AmEricAn PrESidEn T
“A sense of humor... is needed
armor. Joy in one’s heart and
some laughter on one’s lips is
a sign that the person down
deep has a pretty good grasp
of life.”
—HUGH SIDNEY, AmEricAn JOUrnALiST
“And the day came when the
risk to remain tight in a bud
was more painful than the risk
it took to blossom.”
—ANAIS NIN, AmEricAn AUThOr
“Success without honor is an
unseasoned dish; it will satisfy
your hunger, but it won’t taste
good.”
—JOE PATERNO, cOLLEGE FOOTBALL cOAch
www.irem.org/jpm jul.aug 2009 9
