Benjamin, John D; Jud, G Donald; Winkler, Daniel T - In: The Journal of Real Estate Finance and Economics 10 (1995) 2, pp. 161-68
During the 1980s, the oversupply of retail space has lowered rents, raised vacancies, and damaged the integrity of financial institutions as developers and other borrowers have been forced into default. This paper explores the propensity of developers to create shopping center space. The...