Jones Lang LaSalle Report Finds Sustained Retail Sector Recovery Lagging Record-Breaking Consumer Spending

NEW YORK, NY – December 6, 2011 – (RealEstateRama) — The retail sector continues to edge tentatively toward recovery, buoyed by a stellar start to the holiday shopping season, as retailers, landlords, and investors capitalize on pent-up consumer demand and shopping centers remain a top investment category. However, several obstacles stand in the way of sustained progress in 2012, according to Jones Lang LaSalle’s North America Year-end Retail Outlook. The sector will most likely remain in a holding pattern for at least the next three quarters as the U.S. elections approach, the European debt crisis heightens and lackluster job growth fuels uncertainty.