As consumer confidence and spending has begun to improve, some retailers are now moving back into growth mode and expanding in today's market. Discount chains and quick-service restaurants seem to be the retailers planning multiple new locations in 2010. Burger King says it will open 300 units and Panera Bread plans to open around 100. Target (128), Wal-Mart (16) and Costco (23) are some of the national discounters talking about expansions. My hope is Costco will consider Lincoln again for one of those 23 new sites. (Source: Shopping Centers Today December 2009 issue.)
More encouraging news was there were fewer store closings in the second half of 2009 for the Lincoln market. Our latest market report showed retail vacancy only increasing to 8.8% up from 8.7% after the first half of 2009.
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