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July 9, 2011
More jobs in retail would first require more retail stores
US mall vacancies rise in 2nd quarter, rents flatThe average vacancy rate for large U.S. shopping malls reached its highest level in 11 years in the second quarter, as department store closings took effect and retailers scaled back their floor space due to cautious shoppers, according to a report issued on Friday. Preliminary figures by real estate research firm Reis show the vacancy rate at these regional malls rose to 9.3 percent, the highest level since 1990 and up from 9.1 percent in the first quarter.
Posted by Vanderleun at July 9, 2011 10:14 AM. This is an entry on the sideblog of American Digest: Check it out.
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Kansas City is a grave yard for malls.
Posted by: Jewel at July 9, 2011 8:36 PM