Strip malls continue to cope with oversupply, lower rents and a high vacancy rate, according to...

|By:, SA News Editor
Strip malls continue to cope with oversupply, lower rents and a high vacancy rate, according to real estate research firm Reis. Vacancies at U.S. strip malls were flat in Q4 at 10.9%, and effective rent fell to levels last seen five years ago. The numbers were brighter at larger regional malls, where the vacancy rate fell for the second straight quarter.