There's no recovery visible at U.S. regional malls, as the Q1 vacancy rate jumped to 9.1%, the...

|By:, SA News Editor

There's no recovery visible at U.S. regional malls, as the Q1 vacancy rate jumped to 9.1%, the highest rate since Reis began publishing data on regional malls in 2000, from 8.9% Y/Y and 8.7% in Q4 2010. Stores are still being closed as long-term leases expire, so the bottom likely is not yet in sight.