The U.S. mall vacancy rate declined to 8.6% in Q4 from 8.7% in Q3 and the cycle peak of 9.4% in...
The U.S. mall vacancy rate declined to 8.6% in Q4 from 8.7% in Q3 and the cycle peak of 9.4% in 2011 Q3, according to Reis. The strip mall vacancy rate fell to 10.7% from 10.8%. Rents barely budged. Disappointed with the middling improvement, Reis' Ryan Severino notes vacancy rates are barely declining even with minimal mall completions occurring.
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