CoStar Group uses short-term leases data to monitor sentiment, predict store closings

06/24/2013 | SCT Newswire

CoStar Group is using data analyzed from some 300,000 lease renewals signed in the U.S. to predict store closures and monitor retailer sentiment. Short-term leases indicate less confidence in the market, CoStar notes. "As we see the number of these short-term leases diminish, that's a pretty good indicator that there's more confidence on the part of retailers keeping stores open," said Ryan McCullough, a CoStar real estate economist.

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