Retail vacancy levels stayed relatively flat for the first quarter of the year, according to preliminary data from real estate research firm Reis. Industry experts say that despite accounts of retail bankruptcies and store closures, the sector is poised to stay the course.
For neighborhood and community shopping centers, the vacancy rate
averaged 10.0 percent, the same as the quarter before. Meanwhile, the
vacancy rate for regional malls rose 10 basis points from the fourth
quarter to 8.4 percent.. . . more