Five Retail Leasing Trends You Need to Know

Globe St recently reported on retail leasing trends, and even though retail leasing is different between cities, there are some commonalities that are relevant throughout the market. Over the last 12 months, there seems to have been increasing interest in co-tenancy, and tenants are wanting early termination rights as well as tenant improvement allowances. Casual quick-serve franchise restaurants have experienced high activity as well.

On the other hand, finalizing letters of intent have been one of the highest roadblocks to overcome. Finalizing and agreeing upon terms, waiting for the lease to reach higher-up decision makers, then waiting in line behind higher-priority deals, have made the process more cumbersome than efficient.

Big box retail spaces have filled up nicely since the bankruptcy issues have subsided, and large health club fitness center facilities have really been on the rise. Supermarket retailers have also been busy with activity and growth, but there's also been a continuing downsizing trend among retailers looking to maximize sales per square foot. Over the last few years where there once was an abundance of space, things have shifted from a tenant's market to a landlord's market. Click here to read the full story from Globe St.

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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