Jul
14

Columbia Shopping Center Occupancy Rates Drop

By
– Columbia Regional Business Report

The overall occupancy level in Columbia area shopping centers dropped below 90% in June 2009 for the first time in seven years, according to a market analysis just released by NAI Avant.

Following strong expansion from 2004 through 2008, when almost 3 million square feet of space was absorbed, there was a 400,000-square-foot net loss during the first half of 2009.

Occupancy levels have remained strongest in the Lexington market, at 96%, among major retail areas in the Midlands region. Trailing in overall performance were the Dentsville/Decker Boulevard area, at 79%, Lower Richland, at 85%, and St. Andrews, at 86%.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.columbiabusinessreport.com/news/28541-columbia-shopping-center-occupancy-rates-drop?rss=0
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