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Article: Record gasoline price impact on commercial Real Estate.(TOP OF THE NEWS)(Brief article)
- Article from:
- National Petroleum News
- Article date:
- July 1, 2007
CopyrightCOPYRIGHT 2007 M2Media360. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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According to a recent analysis by Net Gain Real Estate (New York), record gasoline prices are bringing about significant changes in the shopping and buying habits of the American consumer. The company says more and more consumers are not getting into their cars to shop and buy. All the anchors, national franchises and independent lessees at the different retail centers have hedged their bets with their own Internet Web sites. Consumers are finding these Web sites more reliable, more satisfying and use them at a progressively faster rate. The result of these changes will be weaker leases and lower cash flows at many retail properties.
Multi-housing communities ...