Borders' liquidation will increase available U.S. retail space by 6.3M square feet to an...

|By:, SA News Editor

Borders' liquidation will increase available U.S. retail space by 6.3M square feet to an industry already struggling with near-record vacancy rates and stagnant rents. Many of the bookseller’s 399 stores are in regional malls, where vacancies are at 9.3%, the highest since data collection began in 2000, and rents are down. Does that make the Retail REIT ETF (RTL), up 38% y/y, a sell?