The gym has the potential to increase the number of people who go to the shopping center. It will enhance the tenant mix.
More Quotes from Patrice Duker:
You really notice it during the holiday season, when retailers open earlier and stay open later.Patrice Duker
These stores want to make sure they have a core of customers available in a city before they open. The stores look at median household incomes. If the median income is 80,000 or more, they will probably locate there. If it is 30,000 or less, then it gets tough.
Patrice Duker
Overall, the industry still has a lot of strength behind it. I don't think we're in trouble. When you have a calendar shift, you see changes in consumer spending patterns, which is what we saw in March.
Patrice Duker
You're probably not looking at years, either, but more like six months to a year, on the high end.
Patrice Duker
It really allows a great opportunity to renovate, expand or reconvert.
Patrice Duker
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