CBRE: Retailers Back in Expansion Mode

Instead of hearing about massive store closures this year, we could get more news about chains opening their doors, according to a just-released retail report by CB Richard Ellis. The report surveyed executives at just over 100 retail companies — most of them national — and found that more than 90% of the respondents planned to boost store counts.

One chain highlighted was 7-Eleven. “With other retailers shedding stores, 7-Eleven is in a position to acquire top retail space that wasn’t available a few years ago,” said Dan Porter, that company’s vice president of real estate and new store development.

Additionally, about 70% of those polled said that the economy is either stable or improving. Nearly half said they expect rental rates to decrease and 43% expected no change in those numbers.

Do these chains seem a bit optimistic about the picture out there or is it truly a good time for them to take advantage of better pricing? Also, is over expansion a factor?

3 Responses to “CBRE: Retailers Back in Expansion Mode”

  1. 1 starman May 19, 2010 at 8:41 am

    The empty bowl will be filled. The full bowl will overflow.

  2. 2 Chris May 20, 2010 at 4:10 pm

    It all depends on where you are located…Most places are still bouncing along the bottom.

  1. 1 CBRE: Retailers Back in Expansion Mode « Counter Culture « Anthony Homer| Lakewood Ranch, Sarasota and Manatee Commercial Real Estate Trackback on May 20, 2010 at 12:09 pm

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May 2010

Ian Ritter on Twitter

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