“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.