1/6/2010

Large regional malls saw their highest vacancy rates in at least 10 years, and lifestyle centers had more vacancies than in the past 18 years in the fourth quarter, according to Reis. "Until we see stabilization and recovery take root in both consumer spending and business spending and employment, we do not foresee a recovery in the retail sector until late 2012 at the earliest," a Reis economist said.

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