sucujovide.wordpress.com
Consider that statement in thesse terms: That's the equivalent of seven new Crabtrere Valley Malls being builtsincse 2002. The numbers do include two enclosed Triangle Town Center and The Streets at but those centers represent onlyabout one-thirdd of the total square footage added to the That's a retail secto growth rate of 31%. And such growth will continue, accordingh to a report issued by for its annual RetaillTrends forecast. Marcus Millichap, a real estate investment firm, projectes the Triangle will rank amonythe nation's fastest-growing, second-tier retail marketsd over the next five along with Greensboro, Modesto, Calif., S.C., Sarasota, Fla., and Pa.
The fastest growingh top-tier markets -- with tiers based on size -- are New York Fort Lauderdale, Phoenix, Oakland and Seattle. The reporf was released during the International Council ofShopping Center'z annual conference in Las Vegas on May 21. Marlene Spritzer, president of Properties in Durham and a specialist in retail leasing, says the Triangle has been spared the brunt of the slowdowbn in the housing market that's plaguing much of the so the area's population is still growing. "Becausee of that, we are still on top in employmenrt growth andhousehold growth," she And, housing growth drivew retail growth.
"It tends to follow the other," says Rob Hicks, development manager for WeingartenRealty Investors' Triangle
No comments:
Post a Comment