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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on January 07, 2009, 07:57:21 AM

Title: U.S. Shopping Mall Vacancies Reach 10-Year High as Stores Fail
Post by: Bindare_Dundat on January 07, 2009, 07:57:21 AM

Jan. 7 (Bloomberg) -- Vacancies at U.S. malls and shopping centers approached 10-year highs in the fourth quarter, and are set to rise further as declining retail sales put more stores out of business, research firm Reis Inc. said.

Regional mall vacancies rose to 7.1 percent last quarter from 6.6 percent in the third quarter. It was the highest vacancy rate since Reis began tracking regional malls in 2000, as well as the largest quarter-to-quarter jump in vacancies, according to New York-based Reis.