Reis: Regional Mall Vacancy Rate increased Sharply in Q1 2019

Reis reported that the vacancy rate for regional malls was 9.3% in Q1 2019, up from 9.0% in Q4 2018, and up from 8.4% in Q1 2018. This is down slightly 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 Q1, unchanged from 10.2% in Q4, and up from 10.0% in Q1 2018. 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: The neighborhood and community shopping center retail vacancy rate was unchanged at 10.2% in......(read more)

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