Reis: Mall Vacancy Rate Mixed in Q3 2019

Reis reported that the vacancy rate for regional malls was 9.4% in Q3 2019, up from 9.3% in Q2 2019, and up from 9.1% in Q3 2018. This is at the 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 10.1% in Q3, down from 10.2% in Q2, and down from 10.2% in Q3 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 Retail vacancy rate declined in the quarter to 10.1% from 10.2% in the second quarter. In the third quarter of 2018......(read more)

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