NREI
Men’s sportswear retailer Rhone recently
participated in a growing retail trend. It booked a one-year,
368-sq.-ft. space in Brookfield Place, the retail concourse in New York
City (still locally referred to as the World Financial Center), after
renting space in three other shopping centers for even shorter terms.
In previous eras of retail leasing, a young company in a competitive
segment such as apparel might not have hoped to attain such a deal. Yet
these are extraordinary times in retailing. Bankruptcies and store closures are on the rise
for anchors and specialty tenants, including the apparel sector,
putting pressure on retail landlords to keep their common areas bustling
with shoppers. . . . more
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