As retail continues to flounder, tenants look to slash leases

TRD New York /
Jun.June 16, 2017 03:57 PM

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]


Related Articles

arrow_forward_ios
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

Joel Schreiber (Credit: Shir Stein and Wikipedia)

WeWork’s first investor used his stock as collateral. Now his lenders are suing him

Tenants at “dozens of buildings” in LA receive eviction notices ahead of California’s new rent law

Nicolai Ouroussoff and Cecily Brown with 125 East 10th Street (Credit: Columbia GSAPP via Flickr, Wikipedia, and StreetEasy)

No criticism here: Nicolai Ouroussoff, Cecily Brown buy E. Village house for $7.75M

NYCHA strikes air rights deal with developer, WeWork shuttering its pricey private school: Daily digest

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

arrow_forward_ios