As retail continues to flounder, tenants look to slash leases

June 16, 2017 03:57PM

In another indication of retail sector’s fragility, a Bloomberg report finds that tenants in malls are looking to decrease the length of their leases. Corporate bankruptcies leading to thousands of store closures have cut lease renewal requests to only a year or two, down from five to 10. “Retailers are now struggling to figure out how many stores they actually need,” Andrew Graiser, head of A&G Realty Partners said. [Bloomberg]