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Retail Report: Mixed Bag for 2013

CHICAGO-Even with the general election over and assuming the fiscal cliff is averted, a report issued by Jones Lang LaSalle today indicates little improvement in 2013 retail performance.

By Amy Wolff Sorter | Updated on December 03, 2012

CHICAGO-Though some sources of uncertainty hindering spending will go away in 2013, Jones Lang LaSalle’s 2013 National Retail Real Estate Outlook doesn’t predict a whole lot of improvement in retail commercial real estate in the coming year. Despite continued stable pricing and pent-up demand for non-durable goods driving consumer spending slightly, uncertainties continue to exist in buyers’ minds.

The general election is behind us, and the report assumes that Congress will act to avert the pending fiscal cliff. Even so, risks to retail sales will include a potential spike in energy prices, natural disasters, geopolitical instability worldwide and shifts in buying patterns and online purchasing.

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