Forbes
Despite the strong growth in retail sales in 2017, the retail
real-estate market continues to be roiled by trends that look to pick up
steam in the future. US mall vacancy rates through the first quarter of
2018 are at the highest level since the end of 2012. Overall retail
real-estate vacancies stood at 10% in the first quarter, according to
data compiled by Reis.
Filling those retail vacancies will only
get harder, suggests a report from Green Street Advisors. The report
focuses on trends for in-line tenants, rather than anchors. Since
in-line tenants have the greatest impact on mall net operating income,
the report states “their performance offers a preferred indicator of
mall health.”. . . more
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