QVC Group exits Chapter 11, CEO steps down
Wednesday, August 26, 2026

As we enter 2026, the South Florida commercial real estate market is moving past the "post-pandemic surge" and into a phase of strategic discipline. In Delray Beach, Tampa, and the surrounding corridors, the "flight to quality" we identified last year has become the standard.
For property owners and tenants alike, 2026 is less about simply finding space and more about finding the right space that supports long-term growth. Here are the three key trends we are watching as we start the new year:
We expect to see an even stronger intersection between healthcare and retail. High-visibility retail centers are no longer just for shopping; they are becoming essential hubs for medical services. In 2026, landlords who adapt their tenant mix to include stable, service-oriented medical users will see the highest retention rates and foot traffic stability.
Following the retail trends of late 2025, expansion in 2026 will be driven by data. Retailers are no longer looking for the most storefronts; they are looking for the most efficient storefronts. Our team is seeing increased demand for locations that offer superior "last-mile" logistics and high-tech infrastructure to support hybrid shopping models.
While national headlines may focus on cooling markets, the South Florida sub-markets remain resilient. Low vacancy rates in premium office and retail spaces continue to drive competition. For investors, the focus for 2026 will be on "future-proofing" assets—investing in the tech, outdoor amenities, and sustainability features that modern tenants now consider non-negotiable.
The Bottom Line: Success in 2026 will require a mix of data-driven intelligence and deep local boots-on-the-ground knowledge. Whether you are looking to reposition an asset or secure a flagship location, Atlantic Commercial Group is ready to help you navigate the year ahead.
QVC Group has exited Chapter 11 bankruptcy with its debt reduced by over $5 billion and access to a new $600 million asset-based lending facility. As part of the restructuring, CEO David Rawlinson stepped down from the top role and was succeeded by Mike George as interim chief executive officer and board chair, effective immediately. George previously served as president and CEO of QVC Group for 16 years, from 2006 until his retirement in 2021. QVC Group's common stock has been approved for trading on Nasdaq under the ticker QVCG. The Chapter 11 exit was completed in less than four months after filing in the spring of 2026, representing a relatively swift restructuring timeline. The company has repositioned itself with a digital-focused strategy emphasizing live social shopping expansion across multiple platforms.
Saks Global's Chapter 11 bankruptcy filing has proven beneficial for Simon Property Group, which saw 1 million square feet of space vacated—almost entirely from Saks Off 5th closures—yet maintained occupancy levels equal to the end of Q1 as new tenants filled the space at higher rents. While Saks Off 5th had been paying $18 million in annual rent before ceasing payments after bankruptcy, Simon Property is confident new tenants will pay significantly higher rent, with initial base rent from new leases up 17% year-over-year through Q2 2026. Simon Property expects to collect $30 million in rent from new tenants filling just half of the closed Saks Off 5th stores in its portfolio, compared to the $18 million Saks Off 5th was previously paying. The landlord's $100 million investment in Saks Global's merger with Neiman Marcus gave Simon strategic leverage to exit or renegotiate unfavorable lease terms.
In Numerator's July 2026 Economic Sentiment Tracker of over 2,000 U.S. consumers, 39% identified rising prices as their top concern for the coming year, nearly matching the record high reached in May 2026. Prices for everyday household goods decelerated in July 2026, decreasing by 0.4% after a 0.7% increase in June, with prices up just 2.6% over the past 12 months as annual inflation cooled following three consecutive months of acceleration. Low-income and Gen Z consumers continue to experience higher levels of inflation for everyday household goods, as prices have increased 35.1% and 39.0%, respectively, for those groups since January 2018 versus the 33.2% national average. Quick-service restaurant prices have increased 53.9% since January 2018, well above the 33.2% rise across the overall consumer basket, and consumers are adapting by trading down what they buy and where they shop.
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