Commercial Observer reports: Though the recession is long over, Real Capital Analytics’ global chief economist Dr Sam Chandan used recent data to describe how consumers, who remain “once bitten, twice shy” from the severe downturn in personal wealth, are driving current lackluster trends for retailers and commercial property fundamentals. For a retail spending outlook, and how the retail drought may not be as severe in New York City – which has an international draw and better-than-average employment figure – please see Dr Chandan’s article in full on the Commercial Observer’s site.
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