Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Although retail’s availability rate has yet to decline as much as it predicted a year ago, CBRE Group nonetheless predicts that the sector will continue a slow, steady recovery in 2014, finishing out the year with availabilities in neighborhood and community shopping centers at 10.6%. A year ago, the firm predicted a decline to 10.9% by next year.

“Consumers remain cautious, as the economic recovery has not provided enough confidence for them to spend at an above-average pace,” says Abigail Rosenbaum, economist with CBRE Econometric Advisors. “This caution has kept retailers from rapidly expanding, and the demand recovery at retail centers remains muted.”

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.