Turkish developers are increasing their presence in retail markets throughout Europe, Central Asia and Africa, building new shopping centers. They are also exporting more local brands to these markets as the number of their retail centers increase. Because of the price differential, it is working for them, says Ahmet Coskun, chairman of Turkey's Confederation of Businessmen and Industrialists.
With low Treasury yields and a positive spread between the cost of buying real estate and financing it, commercial real estate's performance will hold, says Alexander D. Goldfarb, managing director and senior REIT analyst at Sandler O'Neill + Partners. Even though the recovery is faltering, fundamentals are adequate to support REIT growth. People are "renting apartments. They're shopping at the mall. They're leasing office space. They are leasing some warehouse space, and they are going back to college."
Department stores increased their market share recently for the first time in almost 30 years, a fact that's due largely to the innovative digital strategies they've developed, according to researchers at New York University who released a survey that ranks retailers based on their online competence. Macy's took the top spot on the list, which encompassed a myriad of online areas including social strategies, mobile commerce and digital marketing.
Landlords in the most high-end retail districts have seen their fortunes rebound from lows associated with economic downturn over the past couple of years. Rents and purchases in top destinations such as New York's Fifth Avenue and Beverly Hills' Rodeo Drive rose during the first half of 2011.