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U.S. retail vacancies at 10 percent in first quarter - Reis [Reuters]

REIS (REIS)  More Company Research Source: Reuters
Last reis earnings: 8/9 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.reis.com/investor-relations
PDF U.S. retail vacancies at 10 percent in first quarter - Reis | Reuters Reuters Staff 2 Min Read March 29 (Reuters) - U.S. retail real estate vacancies was 10 percent in the first quarter of 2018, real estate research firm Reis Inc said in a report. The rate has remained unchanged for the fourth straight quarter, despite the ongoing store closures, the report said. The vacancy rate was 9.9 percent a year earlier. On an annual basis, 32 of 77 primary metros had a higher vacancy rate in the first quarter, the report said. Net absorption for retail neighborhood and community centers, measured in terms of available retail space sold in the market during a certain time period, fell 83.7 percent to 453,000 square feet. Although many metros will face continued pressure in 2018 with Toys ‘R’ Us, Bon-Ton, Aerosoles and J. Crew closing stores, new occupants have filled a number of these spaces, according to the report. Only 712,000 square feet of new construction was completed in the quarter, a 7 [Read more]

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