Tuesday, July 08, 2008

Strip Mall Vacancies

I've noticed lots of vacancies when I've headed out into the burbs, but anecdote is not data. Here's data!

Strip malls, which are usually anchored by grocery or drug stores, saw average vacancies spike 0.5 percentage points to 8.2 percent, a level unseen since 1995, according to the report released on Monday.

Vacancies at regional malls rose 0.4 percentage points to 6.3 percent, the highest level since the first quarter of 2002, according to the preliminary results.