(RLGR Editor’s note: There are more than 500 Arizona shopping centers listings for lease or rent out of nearly 800,000 total commercial real estate properties for sale and for lease, according to LoopNet.com.)
(Reuters) – U.S. strip mall vacancies fell slightly in the second quarter, while retail mall vacancies remained unchanged, real estate research firm Reis Inc said in a report.
The national vacancy rate for strip malls was 10.3 percent, down from 10.4 percent in the first quarter and 10.5 percent in the second quarter of 2013.
Retail mall vacancies were unchanged at 7.9 percent.
Asking and effective rents both rose 0.5 percent in the second quarter, but rent growth remained below that seen in mid-2007, before the onset of recession.
