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Colliers International Report Cites Retail Expansion, New Non-Traditional Outlet Centers

PR Newswire

11/13/12 - 10:46 AM EST

Holiday sales growth expected despite impact of Northeast storms

SEATTLE, Nov. 13, 2012 /PRNewswire-USNewswire/ --  As retailers gear up for the holiday season and hope to end the year on a high note, several trends and key indicators signal growth in North America, according to Colliers International's Q3 North American Retail Highlights Report, released today.

Key Findings

In the report, Colliers identifies a number of key retail issues, including:

"We're excited to see so many signs for growth across the retail market as we approach the holiday rush," said Ann Natunewicz, U.S. manager of retail research for Colliers International and author of the report.  "Despite a potential increase in consumer spending through the end of 2012 on storm repairs in the Northeast, shoppers remain disciplined and positive.  We're also seeing a flurry of investor interest throughout North America as outlet center developments take off and mature, and concentration focuses in on single-tenant net lease opportunities.  Although there are still some unknowns for the retail sector in Q4 surrounding the looming 'fiscal cliff,' we remain cautiously optimistic."

A complete PDF version of the 9-page report, which also tracks Colliers' year-to-date "Magic 8-Ball" performance metrics, is available at http://www.colliers.com/us/retail-Q3.  

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About Colliers International Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries. A subsidiary of FirstService Corporation, it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

SOURCE Colliers International


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