Special Guest Post by Everybody Loves Coupons: Retail Vacancy Rates Continue to Climb
Time to git yr learnin on! Everybody Loves Coupons, of UltimateCoupons.com fame, is a blog about, what else, coupons: how to use 'em, where to get 'em, and saving serious cash with 'em. But lurking inside this unassuming blog are some surprisingly well-researched and interesting articles about the economy, seasonal trends, and our future as a society. So take a gander and then you can say, "Hey Ma! I's smart!"
Following a better-than-expected holiday shopping season, shopping mall and strip mall owners were hoping to see retailers return to long-vacant storefronts. But so far, that hasn't been the case. According to research firm REIS Inc., the average retail vacancy rate for strip malls inched up slightly for the second quarter ending June 30 to 10.9 percent, a slight bump from 10.8 percent in the first quarter and the highest level since rates hit 11% in 1991 during the last recession.
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