VIDEO: Retail Dealmakers See Obstacles Continuing into ’24
“It’s taking a lot longer to do deals than ever in the past,” retail leasing attorney Barry Edwards of Greenberg Glusker told Connect CRE. At the recent Connect Retail West 2023 conference in Lons Angeles, retail experts were asked to identify what kinds of barriers they’ve seen in closing deals this year and whether they expect these obstacles to remain in 2024.
The obstacles they cited ranged from macroeconomic conditions to delays in getting governmental approvals. In the video below, you’ll hear further insights from Edwards as well as James Chung, founder and principal, The Econic Company, who said the current obstacles are likely to persist into the near future.
Nonetheless, retail leasing continues going strong, as you’ll hear from Edwards, Chung and CREXi’s Andrew Hotchkiss in this companion video, also filmed at Connect Retail West.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).