Reis: Regional Mall Vacancy Rate increased Sharply in Q3 2018

Reis reported that the vacancy rate for regional malls was 9.1% in Q3 2018, up from 8.6% in Q2 2018, and up from 8.3% in Q2 2017. This is down from a cycle peak of 9.4% in Q3 2011, and up from the cycle low of 7.8% in Q1 2016. For Neighborhood and Community malls (strip malls), the vacancy rate was 10.2% in Q3, unchanged from 10.2% in Q2, and up from 10.0% in Q3 2017. For strip malls, the vacancy rate peaked at 11.1% in Q3 2011, and the low was 9.8% in Q2 2016. Comments from Reis: Following months of announcements, a number of Sears and Bon-Ton stores closed their doors in the third......(read more)

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