Small establishments, as opposed to anchor stores, can represent particularly attractive opportunities because they often achieve faster growth than well-established chains.
To expand their market reach, many vendors are franchising their businesses and relying on local support to establish a successful business in a previously untapped market.īecause business owners are increasingly building storefronts in regions they are unfamiliar with, it is important for lessors to keep tabs on retail trends throughout the economy. While still a ways away from making a full recovery, a recent rise in credit access is slowly encouraging retailers to open additional locations in strip malls while interest rates stay low. Over the three years to 2011, the value of commercial building construction plummeted 12.6 percent annually, on average.
Swathes of strip malls still stand unfinished and empty across America since the recession bankrupted local businesses and sent commercial construction activity on a downward spiral.
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