News
RETAIL RESILIENCE; DELINQUENCIES UP; THE DEAL SHEET
March 29, 2011
| NYC retail has proven to be very resilient during the past few tumultuous years, says FTI Schonbraun McCann Group's Jahn Brodwin. He'll be moderating a local perspective panel at Bisnow’s NY Retail Summit this Thursday at 1095 Sixth Ave. |
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| Boding well for the sector: returned job growth, strong tourism buoyed by a weak US dollar, hotel occupancies at 80% and higher, and decreased RevPARs. Big box retailers also seem to have arenewed interest in Manhattan and the boroughs, so expect to see more openings, Jahn says. Traditional mom-and-pops will continue to be challenged, but he’s optimistic they’ll have a permanent place in NY. And as confidence builds and financing dollars become more abundant, Jahn expects to see newly gentrified neighborhoodsbegin to emerge and new retail destinations added to the map. To hear more, you’ll have to attend the summit, where he’ll be joining some of the top names in retail real estate. Great networking too! See the panelists and sign up here. |
