U.S. shopping center vacancy rate highest since 1992

At the end of the third quarter, the vacancy rate for enclosed malls was 8.6%, and the figure for open-air shopping centers had reached 10.3%, according to the research firm Reis Inc. For unenclosed centers typically anchored by big-box retailers or supermarkets, the figure was the worst since 1992. Among retail properties completed this year, almost a third opened at least half-empty, the company said.

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