SAN DIEGO-Even with the Borders store closures, the retail real estate industry can expect pre-Recession store closing numbers annually said. Bill Rose, Marcus & Millichap's national director of retail. Those numbers should equate to about 4,000 closings per year, he told GlobeSt.com's Ian Ritter at the recent ICSC Western Division Conference.
Rose also touched on:
Retail store openings.
How market rents have come back.
The lack of new retail real estate development.
How unemployment is impacting the retail real estate industry.
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