NEW YORK — Temporary retail space was once considered the unfortunate stepchild of the real estate world. Landlords were loathe to do short-term deals when there were plenty of creditworthy tenants willing to sign five- and 10-year leases. Brokers weren’t fond of the abbreviated leases, either, complaining the deals required a lot of work for little payoff.
Not any longer. With the economy ailing, consumers cutting spending, retailers opening fewer stores and vacant space staying empty longer, temporary stores are taking on a new luster.
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