U.S. retail vacancy rates down marginally in second quarter: Reis [Reuters]
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Source: Reuters
U.S. retail vacancy rates down marginally in second quarter: Reis - Reuters 2 Min Read (Reuters) - U.S. neighborhood and community shopping center retail vacancy rate fell 0.1% to 10.1% in the second quarter, marking the first decline since the beginning of 2016, according to real estate research firm Reis Inc. Despite store closures from bigger retailers, store openings have led to strong occupancy growth this quarter, Reis said. Grocery stores have been a leading new occupant of those vacant spaces over the past year or so, along with discount clothing stores and even trampoline parks, the report said. “The retail sector has been able to adapt to industry restructuring in a number of ways. Some stores have had success in adopting new business strategies in an effort to revitalize their brands,” Chief Economist Victor Calanog said. Metro level statistics show fewer metros, 21 of 77, with an increase in vacancy for the quarter, down from 28 metros in the first quarter. The regional ma
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