YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

US retail mall vacancies edge up in Q2

Posted online
U.S. retail mall vacancies increased by 0.2 percent to 8.1 percent percent in the second compared with the first quarter.

Net absorption, the measure of available retail space sold in the market during a certain time period, dropped to 421,000 square feet from 2 million square feet in the first quarter, according to real estate research firm Reis Inc.

"The negative net absorption seen in June may be a harbinger of things to come in the next few quarters as more store closings will likely hit the statistics," said Barbara Denham, senior economist at Reis.

Read more from Reuters.

[[In-content Ad]]

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Home construction companies merge to launch new venture

Alair Springfield is first Missouri franchise for Canada-based company.

Most Read
Update cookies preferences