U.S. Regional Mall Vacancies Climb to Highest in a Decade
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Vacancies at U.S. regional malls rose to the highest in at least a decade in the first quarter, a sign that landlords are struggling to keep tenants after the recession even as retail sales increased, Reis Inc. said.
The vacancy rate climbed to 9.1 percent from 8.9 percent a year earlier and 8.7 percent in the fourth quarter, the research firm said in a report today. It was the highest since Reis began publishing data on regional malls in 2000.