More of the Same For Retail

More of the Same For Retail

Preliminary data released by Reis this month indicated the national vacancy rates for neighborhood and community shopping centers as well as for regional malls were unchanged during the first quarter.

For shopping centers, the result was slightly worse than the 10 basis points decline from last quarter, but it is still on par with the pace of improvement since the market began to recover roughly two years ago. The national vacancy rate remains down 70 basis points

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