Aug
03

Greenville Retail Vacancy Rate Down Slightly

By
– GSA Business

The vacancy rate for retail real estate stabilized in the second quarter, with a slight .02% decrease in empty store spaces, according to the latest report from Grubb & EllisThe Furman Co.
“The stream of closings has slowed and tenants are appear to be holding their ground as they ride out the end of the great recession,” Grubb and Ellis states.

Looking ahead, Grubb & Ellis predicted:

· Retailers that do well in recessions will look to improve their market position;

· Projects on hold will remain so until tenant interest can be solidified and financed;

· And the retail market will rebound before the office and industrial markets.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/news/28842-retail-vacancy-rate-down-slightly
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