They may be hard to find amid reports of retail chain closures as consumers stay close to their cash. But experts point to some up-sides to the current value-oriented spending climate for businesses looking to expand in the Inland region.
At a recent forum in Ontario, presented by the International Council of Shopping Centers, real estate representatives of Stater Bros. Markets, Dollar Tree, McDonald's and Subway all said those companies continue to scout for new Inland locations.
But thanks to rising vacancies, and struggles by some recently completed strip centers to attract tenants, they can drive a harder bargain on lease terms with landlords than in past years.
Virginia-based Dollar Tree has recently seen zooming sales, and plans to open 25 new stores in Southern California by the end of this year. Paul Bartlett, a broker representative for the retailer, said the Inland region has recently been a stronger market for Dollar Tree than Los Angeles and Orange County.
Read the story... | Source: Press Enterprise | Posted: 4/5/09
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