Blackstone is betting that occupancies and lease rates in the industry will continue to recover after suffering greatly during the recession.
WSJ: Blackstone Buying Majority Stake in 40 Shopping Centers
Lease rates nearby, according to CoStar Group of Bethesda, Md.
The Atlanta-based company said it kept some lease rates flat to drive occupancy levels after it saw its first-quarter occupancy slip marginally to 95.3% from 95.8% a year ago.
James Steel, precious metals analyst at HSBC, said one positive sign for bullion prices is a recovery in the gold-implied lease rates to minus 0.30% from a year-to-date low of minus 0.57% on Dec. 6.
Here in Canada, Mazda, which imports most of its products as opposed to building them in North America, has launched a price war by cutting lease rates on some vehicles by over 15 per cent.
For savvy consumers, there are some generous rebates, finance rates and lease deals available.
One would think the FCC had been chastened enough by the Telecommunications Act of 1996, when, to spur competition, Washington forced traditional phone companies to lease their lines at below-market rates to newcomers.
One of its most baleful provisions forced legacy phone companies to lease their equipment to would-be competitors at subsidized rates.
Any lease application would come under intense scrutiny and face higher insurance rates.
"Contrary to sentiment, we believe retail landlords will be able to maintain full occupancy during the near-term, " they said, adding that vacancy rates are below 1%, domestic and international retailers are expanding, and rental-lease increases were maintained in 2011.
That's because the REIT's average lease term is nine years, so those renewing within the next year or so were booked at much lower rates.
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