It's almost like Y2K all over again with the impending fiscal cliff grabbing more than its share of headlines recently, it's obvious that tax increases and spending cuts that are scheduled to take effect in early 2013 are easily capable of undermining the recovery and throwing the U.S. economy into a deeper recession. With that said there are winners and there are losers. The following list came out a couple weeks ago listing the retailers with the highest sales per square foot. I used an app on my Iphone earlier today to measure this ballroom in comparison, it's approximately 17,000sf. If we had this event everyday for a year we would be ranked 9th10th at $1,127.00 sales per square foot. III. Western Division Retail Real Estate Forecast As a commercial real estate broker focusing in retail, I frequently work with brokers in neighboring states, as I currently have a tenant expanding in Utah who may also be looking to expand in Oregon. It’s important to closely follow the entire western division, as it directly affects us here in Oregon, and I am happy to report that most states appear to be in recovery.
2013 Retail Forecast—J.J. Unger, CLSŽ