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June 3, 2010

CBRE survey: Retailers optimistic

A new national survey by brokerage CB Richard Ellis shows almost 70 percent of retailers across the country think the economy is improving. Ninety-two percent plan to open more stores. Retail executives surveyed think retail rents will fall or remain flat for the rest of this year. Nearly three-quarters of retailers said they were able to negotiate tenant improvements with their landlords in the past year; 65 percent of them said rent reductions were the most common incentive, followed by limited improvements and the right to terminate early.




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