With the demise of Toys R Us increasingly in the rear view, the worst for various types of shopping centers is likely over for the time being.
"The Toys R Us store closings impacted the second quarter statistics more than any other retailer has in any quarter over the last nine years," according to the Reis report, which noted more than 80 Toys R Us store closures in more than 40 areas in the quarter. "That said, we believe most of the Toys R Us stores are now closed and that most of the negative net absorption is behind us. Although we do not expect the vacancy rate to improve in the near future, it will not increase that much more in the coming quarters.". . . more