Tony Wilbert

1 week ago | costar.com | Tony Wilbert

At a time of tight supply for retail space, landlords are more likely to be open to making available to prospective tenants the shops now occupied by struggling operators, according to Hue Chen, president of shopping center owner Saglo Cos. In the United States, the overall vacancy rate is 4.2% for the country's 12.1 billion square feet of retail space, and that's led to increased competition among occupiers, from CoStar Market Analytics.

2 weeks ago | costar.com | Tony Wilbert

If tariffs lead consumers to feel financial stress, the fallout could surpass the benefits of a tight retail property market, according to Naveen Jaggi, president of retail advisory services for the Americas at JLL. While demand is strong as companies seek new locations at a time of little availability, shifts in U.S. trade policy have created unpredictability that could hurt consumers, Jaggi explained in an interview at the ICSC Las Vegas industry convention this past week.

2 weeks ago | costar.com | Tony Wilbert

Shop space across the country remains difficult to find, and some properties have waiting lists for properties that become available, according to Anjee Solanki, the head of United States retail at global brokerage Colliers. Retail space is at a premium due to the combination of peak occupancy levels at open-air properties and malls and a drop in the already relatively low amount of new retail construction, Solanki said in an interview at the ICSC Las Vegas industry convention this week.

2 weeks ago | costar.com | Tony Wilbert

Tariffs imposed by President Donald Trump of the United States have disrupted a large portion of the property investment sales market, sidelining some investors just as buyers and sellers were coming closer together on pricing, according to Marcus & Millichap President and CEO Hessam Nadji. About 50% of investors the brokerage is tracking have paused activity until more of the tariff issues are settled, Nadji said in an interview at the ICSC Las Vegas industry convention this week.

2 weeks ago | costar.com | Tony Wilbert

Commercial real estate services firm CBRE has hired Scott Schnuckel as managing director of retail for the Americas. In his new position, Schnuckel is charged with growing the retailer business for the Dallas-based company. Watch the video to hear his take on the retail property landscape during one of his first interviews in the role.