Occupancy rose slightly for shopping centers in Q4, Reis says

01/9/2012 | Wall Street Journal, The

Shopping centers saw a slight downturn in vacancy in the fourth quarter, to 9.2%, Reis reports. In the third quarter, the vacancy rate was at an 11-year high of 9.4%. However, more retailers are expected to announce store closings in 2012. "It's too soon to pronounce a turnaround at this point," said Victor Calanog, chief economist at Reis.

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Wall Street Journal, The

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