X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS VEGAS-In a report that came out at ICSC RECon2012, Cassidy Turley reports that the in the first quarter of 2012, the retail sector absorbed 3.1 million square feet, following a pace of 3.4 million square feet in the previous quarter. The pace over the last six months is five times faster than any point in the recovery cycle. But the sector still has a long way to go to reach full recovery, noted the firm’s chief economist Kevin Thorpe. “We may have a long way to go to reach what’s considered full recovery, but the US retail sector also has made tremendous strides from our depths,” Thorpe said. “The US retail sector is on pace to absorb 12.4 million square feet in 2012—equal to about half the pace of 2006 and 2007—and the latest data confirms that the uptrend in retail is clear, consistent and accelerating, all of which is good news.”

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?

GlobeSt

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.