May
06

Retail Vacancies Climb Again

By
– GSA Business

Retail real estate vacancies have climbed for the third straight quarter, Grubb & EllisThe Furman Co, says in a new report released today.

“Vacancy has now climbed over 200 basis points in the past four quarters to 12.0%,” the report states. “However, all major announced closings have run their course. If the worst of the economic fallout from the slowing economy is over for national retailers, then perhaps there is light at the end of the tunnel for the local retail market.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.gsabusiness.com/news/27492-retail-vacancies-climb-again?rss=0
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