Real Estate/Development
Jan. 27, 2004
Bay Area's Lone Bright Spot
By Brad Berton & Chris Tolles Even with consumer spending capacity depressed from the Bay Area's continued employment slump, the local retail-property marketplace has remained a noteworthy bright spot.
By Brad Berton & Chris Tolles
Even with consumer spending capacity depressed from the Bay Area's continued employment slump, the local retail-property marketplace has remained a noteworthy bright spot.
Melissa Carter, research services manager for Grubb & Ellis Co.'s Bay Area operations., said that retail would remain the Bay Area's only income-property "bastion of strength" this year.
In fact, Grubb & Ellis cited the Oakland retail market...
Even with consumer spending capacity depressed from the Bay Area's continued employment slump, the local retail-property marketplace has remained a noteworthy bright spot.
Melissa Carter, research services manager for Grubb & Ellis Co.'s Bay Area operations., said that retail would remain the Bay Area's only income-property "bastion of strength" this year.
In fact, Grubb & Ellis cited the Oakland retail market...
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