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Regarding the effect of the economic shift, Chase Jansen expects to see a shift to value for money where the economic downturn may lead to consumers demanding value of money across all retail sectors.
Only 19% of property managers in the study reported that rents were being paid on time, while the rest reported that they had tenants who were unable to pay, according to a new report from the National Association of Realtors.
"New York is a critical marker for the retail sector to understand its progress towards a recovery. And there are many positive signs that indicate a rebound is en route and 'normalcy' could be within reach.".
A new report calls for grocery store owners to take "bold steps" to eliminate poorly performing promotions and focus on items that consumers really care about.