Franchise growth is expected to fuel retail real estate

02/4/2010 | CoStar Group

Franchise operators are a likely source of retail real estate demand in 2010, with 11,100 franchises expected to open this year. "While it won't be a spike, I definitely think we will see increased franchise activity this year, with even more growth following in 2011," says John Bemis, director of leasing for Jones Lang LaSalle Retail. The International Council of Shopping Centers has formed a new partnership with the International Franchise Association to help fuel this growth.

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