News Releases - Thursday, November 6, 1997 THIRD WAVE CHUTZPAH predicts a
transformation in store based retailing as online shopping cannibalizes sales in three to
five years. Only an eight to twelve percent
shift of in-store sales to cyberspace may trigger a radical change in retailer leasing
practices. The new retailer leasing strategy
will require very short-term leases, three to five years, with multiple options and
expansive early termination rights. Online
shopping’s impact on retail properties has significant implications for investors and
lenders. Mark Borsuk, Managing Director of The
Real Estate Transformation Group, gave the talk at the National Retail Federation
Financial Executives’ Conference on September 22, 1997 in San Diego. On October 26 at the International
Council of Shopping Center’s Law Conference in Palm Desert, Borsuk hosted a
roundtable discussion regarding online shopping’s impact on retail leasing. Over sixty percent of the participants were
attorneys representing retailers. Online
shopping is about to become a contentious issue for landlords and tenants. Borsuk will participate in a panel
discussion entitled “Technology and Real Estate-Miracle or Fads?” at the Urban
Land Institute’s annual convention in New York on November 7. Panelists will address how information technology
impacts commercial property use and value. The Real Estate Transformation Group is
a firm advising landlords, tenants and lenders on property use and value in the
Information Age. In addition to consulting,
Mark Borsuk is a retail leasing broker and real property attorney practicing in San
Francisco. Contact: Mark Borsuk (415) 922-4740 / mark@borsuk.com News Releases | Articles | Upcoming Talks | Memorable Quotes Copyright ©1995 - 2001. Mark Borsuk. All rights reserved. Disclaimer notice |
