Report: Little relief for retail in 2009

01/29/2009 | CoStar Group

CoStar Group released its year-end retail property report on Wednesday. The report painted a grim outlook for 2009 for retailers and the property owners that lease them space. CoStar said the average vacancy rate in the retail sector at the end of 2008 was 6.7% -- up 50 basis points from year-end 2007.

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