Monday, October 2, 2017

Retail mall vacancies rose to 8.3 percent in third quarter

Chesterfield MallRetail mall vacancies in the U.S. rose to 8.3 percent in the third quarter, up 0.2 percentage point compared with the preceding quarter, due to confirmed closings of J.C. Penney and Sears Holdings Corp. stores, real estate research firm Reis Inc. said.

Construction activity fell 49.2 percent in the quarter, with 1.63 million square feet of new construction completed, the lowest level of completions since 2014, according to the report.. . . more

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