As the recession drags on, retail space vacancy continues to increase as consumer’s discretionary spending habits change, either by choice or necessity. This podcast discusses troubled retail developments in the Sacramento, CA area, and the declining demand across the country for retail space. Just ask General Growth Properties, a mall operator that filed for Ch. 11 bankruptcy earlier this year.

A perfect storm has developed as online retail and the recession decrease consumer’s demand for the traditional retail experience. The podcast also highlights the trend of municipalities wooing retail developments to generate sales tax revenue, and in the process creating over-development, while demand stagnated.

The news doesn’t stop about the slowing commercial real estate market for 2009 and 2010.  It’s a reality and we saw it coming a long time ago.  Job growth slows and there’s less absorption.  Consumer confidence wanes and retailers struggle.

KTVU News in the Bay Area recently reported on the latest numbers and the current struggle for retailers.  We were very pleased to have Rofo included in this piece.

But despite the news and the numbers Rofo continues to reach out to new markets to provide entrepreneurs and small businesses the much needed tools to make informed real estate decisions.  We’re excited about our recent expansion to include the Sacramento Office Space, Sacramento Retail Space, and Sacramento Warehouse Space markets.

Stay tuned for more exciting announcements and added services for local businesses and entrepreneurs on the move…