American retail mall vacancies stand still in the first quarter

American retail mall vacancies were intact, sticking to 9.9% during the first quarter of 2017, compared with the fourth quarter of the previous year, as new construction dipped to its lowest values in six years, as real estate research company Reis Inc revealed in its report.

Expectations for the retail real estate industry have dropped because of the rapid ascend in e-commerce as well as store closures. However the entire impact of the closures hasn’t been felt yet, as Denham stressed.

Construction activity went down by more than two-thirds during the quarter, with a paltry 796,000 square feet of fresh construction completed.

Asking rent soared 0.3%, while effective rent added 0.4%, as Reis told.

Net absorption, assessed in terms of available retail space sold in the market for a certain period, more than halved, hitting 1.25 million square feet.

Besides this, the national vacancy rate for neighborhood as well as community shopping centers stood still at 9.9%.

Similar

23.07.2021 10:05 Friday Trades: EUR/USD, USD/JPY, and Gold

The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.

22.07.2021 17:00 EUR, USD, GBP: all attention to PMI reports

PMI reports from the EU, the UK, and the USA will be released during the day!

22.07.2021 11:21 Oil and BTC Surged, EUR Awaits ECB

Today traders await the European Central Bank to make a policy statement at 14:45 MT (GMT+3).

Latest news

28.07.2021 09:51 Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!