Retail REITs: Retailers, consumers adjust to the "new normal"

06/11/2010 | GlobeSt.com

The retail market is showing signs of health, with tenants discussing expansion after retooling their operations, and capital looking for deals to finance. "We're still not getting big leases, but I think starting this year, and showing more in the next two to three years, rents will rise and we'll see a return. Retailers are adjusting to the new normal," said Arthur Coppola, chairman and CEO of Macerich. Consumers who feel more confident with the economy and their job security are fueling growth, said Robert Taubman, chairman, president and CEO of Taubman Centers. But a surge in spending is not predicted. "It's going to be a slow and steady growth," he said.

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