Thursday, July 7, 2016

U.S. retail mall vacancies rise in second quarter

People shop at The Grove mall in Los Angeles November 26, 2013.  REUTERS/Lucy Nicholson/File PhotoU.S. retail mall vacancies rose in the second quarter from the first, amid an increasing disparity between high-end and traditional malls related to rent and vacancy rates, according to real estate research firm Reis Inc.

Asking and effective rents growth for shopping centers decreased compared with the previous quarter, Reis said in a report on Wednesday.

Retail mall vacancies rose to 7.9 percent from 7.8 percent, their first quarterly increase since the fourth quarter of 2014, the company said.. . . more

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