Reis: Mall Vacancy Rate Increased in Q4 2019

Reis reported that the vacancy rate for regional malls was 9.7% in Q4 2019, up from 9.4% in Q3 2019, and up from 9.0% in Q4 2018. This is above the peak following the great recession 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 Q4, up from 10.1% in Q3, and unchanged from 10.2% in Q4 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 rose 0.1% in the fourth quarter as overall occupancy declined by......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/37HZOg8
via IFTTT