Retailers seek small spaces as big boxes decline

04/8/2012 | VegasInc.com (Las Vegas)

As the fate of the big-box stores hangs in the balance, commercial real estate professionals may soon see more demand for smaller spaces. Online shopping has taken a bite out of big-box stores, forcing some, such as Circuit City, to close altogether. Even successful big boxes such as Wal-Mart and Target are downsizing in some areas. "The effect on the commercial market is that I think we'll see more interest in small spaces and less on big spaces. And we may see more interest in warehousing," said the University of Nevada Las Vegas' Stephen Brown.

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