Search
 

Do Rents Really Matter to Retail Tenants?

LOS ANGELES—The retail landscape is changing, and in the new retail world order, traffic and sales volume are most important to tenants, Bob Peterson of Passco tells GlobeSt.com in this EXCLUSIVE interview breaking down the retail market.

By Kelsi Maree Borland | kelsimareeborland | Updated on May 12, 2016

Peterson: "You really have to pay attention to who is struggling and who is winning when there are three or four competitors in a space." Peterson: “You really have to pay attention to who is struggling and who is winning when there are three or four competitors in a space.”

LOS ANGELES—For commercial real estate, the revolution has arrived—and the retail sector is no exception. With e-commerce driving major changes in the sector, investors are learning to quickly adapt to the new needs of retailers. According to Bob Peterson, VP of investments at Passco, a company that has been thriving in the retail market since its inception in 1998, today’s retailers are looking for strong traffic and sales volume, not the lowest rents. To get his take on the new retail market, including the major trends to watch, where to find opportunities and when to be cautious, we sat down with Peterson for an exclusive interview. Here, he breaks down the retail market today, and what is on the horizon.

GlobeSt.com: Retailers are being required to adapt to a changing landscape at a faster pace than ever before.  As a retail owner, what changes are you seeing, and how is Passco adapting?

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?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 © 2024 ALM Global, LLC. All Rights Reserved.