US Shopping Center Demand Falls to Six-Year Low as Store Closures Pile

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Demand for mall and shopping center space by retailers fell to its lightest level in six years in the first quarter of 2018 as retailers continued to focus on their top-performing locations and shed marginal stores, with announced store closures totaling nearly 100 million square feet so far this year alone. The balancing act was reflected in the first quarter 2018 U.S. retail vacancy rate, which at 4.6% was unchanged from the fourth quarter of…

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