Category Archives: Retail Stores

The Department Store Conundrum

By Maxwell O. Ramsland, Jr., MAI, CRE and Shannon M. Luepke Market value is the standard by which appraisers, assessors, and other valuation professionals conduct their practices. Market value versus price is an issue that has been debated for decades … Continue reading

Posted in Depreciation, Real Estate Valuation Methodology, Retail Stores | Tagged , , , , , , , | 1 Comment

Consumer Confidence Down

With consumer confidence declining, the outlook for retail sales, excluding food and energy, will be affected.  This will be a drag on the demand for retail space. Newsday reported that “Along with increased gas and food prices, New Yorkers were uneasy about … Continue reading

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Follow Up Long Island Retail

Newsday states “The Valley Stream Waldbaum’s store is among the 32 supermarkets scheduled to close as part of the Great Atlantic & Pacific Tea Co. Inc.’s restructuring plan, according to company court filings.” The N.J.-based company, which owns stores including A&P, … Continue reading

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The Long Island Retail Market & New Construction

by Jim MacCrate, MAI, CRE, ASA The vacancy rate for retail properties on Long Island (Nassau & Suffolk Counties only) has been increasing steadily since 2004-2005 when the vacancy rate was below 4%.  One can drive through the older downtown … Continue reading

Posted in Highest & Best Use, Real Estate Market Analysis, Retail Stores | Tagged , , | 2 Comments

The Valuation of Leasehold Interests

By James R. MacCrate, MAI, CRE, ASA Overview The leasehold estate is the interest which a tenant or lessee acquires under a lease including rights of use and occupancy for a stated term under certain conditions (e.g., the payment of … Continue reading

Posted in Appraisal Process, Leased Fee, Leasehold Interests, Property Rights, Retail Stores | Tagged , , , , | 11 Comments

Department Retail Stores & Rents

By Maxwell O. Ramsland, Jr., MAl, CRE and James R. MacCrate, MAI, CRE, ASA Introduction As reported by Newsweek, the United States is over stored as retail construction continued in 2007 and 2008 by unregulated financial lending practices.  New retail … Continue reading

Posted in Real Estate Investments, Real Estate Market Analysis, Real Estate Valuation Methodology, Retail Stores | Tagged , , , , , , | 14 Comments