When France Media's Atlanta Commercial Properties e-newsletter needed an expert retail source, they knew where to turn: Hartman Simons partner Bob Simons. Yesterday's edition of the newsletter included a Q&A with Simons on the U.S. retail sector.
Below is an excerpt:
ACP: What trends are arising in length and size of retail leases?
Simons:
As a whole, retailers have become much more flexible with their store
size requirements than they were prior to 2007. They don't have the need
to stick to a standard prototype. They have developed different boxes
for different markets to accommodate existing spaces and to get into
urban areas. Dick's Sporting Goods and Academy Sports + Outdoors, as
well as Walmart with its Neighborhood Markets and Walmart Express sites,
are some examples of retailers more willing to accommodate smaller
facilities than they were previously.
To read the entire Q&A, visit Atlanta Commercial Properties' newsletter archive.