SHOPPING CENTER AND MALL FUNDAMENTALS STABLE, BUT CHALLENGES REMAIN

January 15, 2011

While the outlook for neighborhood and community centers remains muddy, the regional mall sector is showing clearer signs of recovery. Vacancies declined by 10 basis points, from 8.8 percent to 8.7 percent during the fourth quarter. This is the second consecutive quarter that vacancy for regional mall figures has declined after rising from the third quarter of 2007 and peaking in the second quarter of 2010 at 9.0 percent

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Vacancies up at U.S. open-air centers, down at malls in fourth quarter, report says…

January 7, 2011

The vacancy rate at open-air shopping centers rose to 10.9 percent from 10.6 percent a year ago, according to research firm Reis. That’s still significantly below the 30-year record high of 11.1 percent vacancy recorded by the firm in 1990. Meanwhile, at regional and super-regional malls, vacancies fell to 8.7 percent in the fourth quarter from 8.8 percent both in the third quarter and a year ago, Reis said.

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