Rudy Milian’s Views & News Blog

This Views & News blog offers you not only links to news sites that cover the retail real estate industry but a blurb from Rudy Milian with his summary observations, opinions and insights about the news that retail real estate professionals need to stay up-to-date in an ever-changing industry. Find here our selection of published news about store openings and closings, retail real estate activity, trends influencing commercial real estate, the impact of economic indicators on property valuations, merchandise categories and leasing trends, and more. Some of the news sites linked here are accessible to the public, while others require free or paid registration.

February 18, 2025

Retail leases accounting for almost 60 million square feet will expire in 2025

February 18, 2025/ Rudy Milian

Leases comprising about 58.5 million square feet of retail space are set to expire this year. Landlords will surely seek to bring up expiring rents to market rents as they renew or find replacement tenants because overall vacancy is at an all-time low. Rent spreads continue to improve for retail but for the office sector, spreads are worsening.

About 85.5 million square feet of space leased to offices will expire in 2025 as vacancy in that sector is rising and office tenants are seeking less space or fleeing to Class A newer properties.

Woodcliff

Woodcliff Realty Advisors, LLC provides management consulting for shopping center companies, retailers, commercial real estate organizations, communities and investors.

Views & News Blog

Rudy Milian’s Views & News Blog

Woodcliff

Woodcliff Realty Advisors, LLC provides management consulting for shopping center companies, retailers, commercial real estate organizations, communities and investors.

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