Thank you for sharing!

Your article was successfully shared with the contacts you provided.


More than half the respondents to last week’s Quick Poll voted for retail as the commercial real estate sector hit hardest by the ongoing economic downturn, with 22% voting for office, 21% for multifamily and only 7% for industrial. However, John Crossman, president of Orlando-based Crossman & Co. and immediate past president of the Central Florida Commercial Association of Realtors, sees two sides to the coin. Crossman, who is also active in the International Council of Shopping Centers, shares his thoughts on the current retail market:

“The market is very interesting right now. Two years ago, I thought it was overheated. I see things now that concern me, but at the same time there is opportunity out there. It’s a great time to be signing leases.

“I’m a big believer in fundamentals, and a lot of fundamentals were violated over the last five years in lending, brokerage, appraisal and development. There is a lot of pain now because of that.

“Having said that, there are retailers and companies who have stayed true to their fundaments and they’re going to do really well through this down time. An example is Publix buying Albertson’s stores, which was a brilliant move. I wish I’d thought of it.

“This is a great time to reflect, refocus and reinvent your business, look at what we’re doing and do it better. Some retailers are going to get hit pretty hard, but there are going to be others that are going to look back and say they didn’t experience that bad a slump.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.