Shopping Mall Vacancy
Vacancy rates for malls also continued to climb rising to 91 in the third quarter from 86 in the second quarter. As iconic retail names close stores.
Mall Vacancy Increases In Q2 2017 News Institutional Real
The proportion of units lying empty in some cities including indianapolis and birmingham alabama is about four times higher than the economic hotspot of san francisco according to new data from reis part of moodys analytics.
Shopping mall vacancy. Vacancies in us shopping malls have hit the highest level in at least 20 years a milestone that shows how landlords are struggling to come to terms with the age of amazon. Malls vacancies hit six year high as online shopping takes a toll toll is felt across all types of brick and mortar outlets in the us. Shopping mall vacancies are highest in seven years after big box closings the vacancy rate has risen despite the countrys strong economic growth.
Vacancies in us shopping malls have hit an eight year high but new data show that some areas are coping with the retail upheaval far better than others and the gap is widening. Vacancies in us shopping malls have hit an eight year high but new data show that some areas are coping with the retail upheaval far better than others and the gap is widening. That is the highest the vacancy rate has been since the third quarter of 2011.
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