by David Bodamer February 19th, 2008
Standard & Poor’s announced the November results of its S&P/GRA Commercial Real Estate Indices. Retail was down slightly from October to November, but was still up from one year ago.
The latest readings:
| Property Type |
November 2007 Index |
November/October Change (%) |
October/September Change (%) |
1-Year Change (%) |
| Apartments |
145.85 |
0.7% |
2.0% |
2.4% |
| Office |
144.92 |
-2.0% |
-2.5% |
7.5% |
| Retail
| 158.55 |
-0.4% |
-0.6% |
5.4% |
| Warehouse |
159.12 |
0.8% |
-1.5% |
7.0% |
Previous posts on the S&P/GRA Indices can be found from January 22, January 2, November 28, September 18 and August 21.
Related Topics: Investment, News, Research, Retail Real Estate, Trends |
by David Bodamer February 19th, 2008
I’ve linked to a ton of announcements of retailers closing stores. Here’s the first attempt I’ve seen to put all of the closings into a broader context. ICSC is quoted in this piece. They’re saying first quarter closings are up and projecting the industry will see the largest number of retailer closings since 2004.
Here’s a copy of the chart that ran with the story:

The story also notes that unlike last year–when many of the closings were in the home furnishing sector–this year trouble has emerged among apparel retailers.
But this year, the announcements of store closings are spreading to less-expected areas, with apparel being hit hardest, Connolly said. Of the 1,600 announced store closings this year, 650 are in the apparel sector.
So far, companies have mostly decided to shut down offshoot brands that are struggling, Connolly said. For instance, Talbots is closing all 66 of its Talbots Kids stores as well as its 12 Talbots Men’s locations. Pacific Sunwear is closing its demo chain, which sells urban-inspired apparel, including the Mission Valley location.
Related Topics: News, Retail, Retail Real Estate, Trends |
Indecency at the Mall
by David Bodamer February 19th, 2008
The Atlanta-Journal Constitution had a point/counterpoint up this weekend about indecency at the mall.
Here are excerpts from each.
From the “Yes there is indecency” side:
And from the “No there’s not” side:
No Comments Related Topics: Commentary, News, Quirky, Retail Real Estate |