Investors Find More Opportunities in Tenant Vacancies

Posted on February 27, 2020

Neighborhood shopping centers in secondary markets where consumers live, work and play are continuing to do well at a time when many national brands are downsizing or closing stores.  In fact, when a staid, time-worn tenant vacates a property with strong fundamentals, landlords have an opportunity to revitalize the property and bring in stronger-performing brands and new concepts that create a more vibrant tenant mix and improve foot traffic.

One of the keys to attracting new tenants, however, is having on your side a team of real estate professionals who have deep relationships with potential tenants across a broad range of categories, including restaurants; health, wellness and fitness service providers; grocers; and specialty brands. Moreover, these professionals must keep their fingers on the pulse of consumer trends and continue to build new relationships with brands that can bring new value to their assets, even though they may not fit traditional strategies.

With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email info@orionmiami.com.