Retail Space to Shrink as Spending Rises

The availability of retail space will shrink next year as consumer spending begins to rise, a commercial broker group reports.

According to CB Richard Ellis Group, retail space ready for active marketing in 2011 will fall to 12.8%, from this year’s peak of 13.2%, a Bloomberg report says. That follows on word from the Commerce Department that purchases at U.S. retailers were up 0.4% in July.

For a look at all the numbers and how that translates into your business concerns, click HERE.

Click here to view the orginal post from http://www.bloomberg.com/news/2010-09-08/retail-space-availability-to-drop-in-2011-as-u-s-shoppers-boost-spending.html.