Shopping Center Vacancies Hold Steady in Second Quarter; Average rents inch higher as retail landlords benefit from dearth of new construction

Another problem: the U.S. still is saddled with a glut of retail space constructed in past decades, which has slowed rent growth and, along with online shopping, kept occupancies from recovering to levels seen before and during last decade's boom. [...]most landlords in recent years have focuse...

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2015-07-07
Main Author: Hudson, Kris
Format: Newspaper Article
Language:English
Subjects:
Commercial real estate
Grocery stores
Retail stores
Shopping centers
Site planning
Supermarkets
Tenants
Vacancies
Online Access:Get full text
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Summary:Another problem: the U.S. still is saddled with a glut of retail space constructed in past decades, which has slowed rent growth and, along with online shopping, kept occupancies from recovering to levels seen before and during last decade's boom. [...]most landlords in recent years have focused on filling vacancies in their existing centers--including those created by collapses by such companies as Blockbuster Inc., Borders Group and, this year, Anna's Linens Inc.--rather than building new ones.
ISSN:2574-9579