Tuesday, April 2, 2019

US shopping centre vacancies rise to eight-year high

Boston Business Journal
Vacancies at US shopping centres have hit the highest level in eight years as the ecommerce revolution and recent collapse of debt-laden private equity-backed chains begin to ripple through the commercial property market.

In the latest sign that stress is developing in bricks and mortar retail, new figures from data provider Reis, an arm of Moody’s Analytics, show that 9.3 per cent of units in shopping malls lay empty at the end of March — a 10th more than a year ago. . . . more