Retail Landlords Struggle to Keep Tenants

Posted by Daniel Jones on Apr 7, 2011 5:31:00 PM

Mall Vacancies Climb to Highest in Decade as U.S. Retailers Close Stores

By Hui-yong Yu

Vacancies at U.S. regional malls rose to the highest level in at least a decade in the first quarter, a sign that landlords are struggling to keep tenants after the recession even as retail sales rise, Reis Inc. said.

The vacancy rate climbed to 9.1 percent from 8.9 percent a year earlier and 8.7 percent in the fourth quarter, the New York-based research firm said in a report today. It was the highest since Reis began publishing data on regional malls in the beginning of 2000…

 http://www.bloomberg.com/news/2011-04-07/mall-vacancies-climb-to-highest-in-decade-as-u-s-retailers-close-stores.html

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