Brokers in the Dayton, Ohio, area dispute some of the findings in a CoStar report. According to the real estate research company, as of Q3 2010, local shopping vacancy rates more than doubled from 2006 levels. Meanwhile, asking rates have dropped by three-quarters. Kelly Gray, vice president of leasing for Equity Retail Advisors, says rental rates have not been cut as deeply as CoStar suggests. "They have dropped, but they haven't dropped 75%."

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