Retail Vacancies Forecast to Stabilize in 2010

New retail store construction is expected to be at a 25-year low in 2010, according to a new report from Colliers International here.

BOSTON — New retail store construction is expected to be at a 25-year low in 2010, according to a new report from Colliers International here.

The 2010 Retail Trends and Opportunities Report, released this week by the real estate services firm, contends that while lease rates have dropped, new construction will be slow, and retail bankruptcies are likely to continue, an expected rebound in consumer sentiment and spending could stave off the “tsunami” many forecasters predicted.

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