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CoStar's Q3 Retail Rent Figures

CoStar's Q3 Retail Rent Figures

According to CoStar, rents declined for all five property segments the firm tracks from the second to third quarters. The greatest decline was at malls, where rents fell from $19.48 per square foot to $19.01 per square foot. Shopping centers experienced the smallest decline with rents decreasing from $14.90 per square foot to $14.85 per square foot. For the total retail market, rents fell from $17.25 per square foot to $17.14 per square foot. Rents have fallen for three straight quarters after reaching $17.51 per square foot in the fourth quarter of 2010.

Source: CoStar Property

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