Retail Leasing: Understanding the Landlord’s Market [VIDEO]

At the recent ICSC Las Vegas conference, industry leaders were asked about the current state of retail leasing. Dave Cheatham, president of X Team/Velocity Retail Group, stated that it is currently a landlord’s market due to record low vacancy rates across the country. Other experts agreed that landlords have an advantage in lease negotiations due to factors such as a shortage of Class A space.

However, Arturo Sneider from Primestor Development believes there is more balance between tenants and landlords now compared to before the global financial crisis. He sees them as partners rather than adversaries.

Watch this video for further insights from Cheatham and Sneider, along with Joe Derhake (CEO of Partner Engineering & Science), Darren Wood (principal at Providence Group), and Owen Hutchison (EVP retail services at X-Team Retail Advisors).