Who Is Filling Those Retail Vacancies?

Unless you have a class “A” space in a great location, it isn’t likely that your retail vacancy is going to fill up really fast, even in the improving economy. Leading up to next week’s ICSC New York National Conference we spoke with Neill Kelly, president of DJM Realty, a Gordon Brothers Group company that specializes in excess space dispositions. He says that there are only a few sectors of retail expanding aggressively in this environment. And yes, dollar stores are one of them. DJM will be at the Hilton Hotel’s Americas Hall 1 Booth #362 at the conference on Monday and Tuesday.

Following is an excerpt of the conversation we had with Kelly: