"Mall Vacancies At Highest In 11 Years; Strip Malls Vacancy Rate Highest Since 1990" "The WSJ report that "mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real-estate research company Reis Inc. showed. In the top 80 U.S. markets, the average vacancy rate was 9.1%, up from 8.7%." But wait: wasn't the resurging US consumer supposed to be able to... [more]
"Mall Vacancies At Highest In 11 Years; Strip Malls Vacancy Rate Highest Since 1990"
"The WSJ report that "mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real-estate research company Reis Inc. showed. In the top 80 U.S. markets, the average vacancy rate was 9.1%, up from 8.7%." But wait: wasn't the resurging US consumer supposed to be able to carry the overbloated US retail front?
That's part of the "story" - as for the "fact" Howard Davidowitz summarized it best: "We've got 21 square feet of selling space for every man, woman and child in this country." Perhaps it is time for the Fed to (again) start buying up empty retail boxes: because even the Fed knows what happens to equilibrium price when every bank is trying hard to reignite the CMBS market."
http://www.zerohedge.com/article/mall-vacancies-highest-11-years-strip-malls-vacancy-rate-highest-1990[less]
Response by pulaski
about 15 years ago
Posts: 824
Member since: Mar 2009
"Moody's: Commercial Real Estate Prices declined 4.2% in March, Hit new Post-Bubble Low"
"The Moody’s/REAL Commercial Property Price Index dropped 4.2 percent from February and is now 47 percent below the peak of October 2007, Moody’s said in a statement ...So-called trophy properties in New York, Washington, Boston, Chicago, Los Angeles and San Francisco are helping those markets avoid the drag caused by distressed asset sales nationwide, Moody’s reported.
The overall index shows “no sign of recovery,” Moody’s said. "
"Moody's: Commercial Real Estate Prices declined 4.2% in March, Hit new Post-Bubble Low"
"The Moody’s/REAL Commercial Property Price Index dropped 4.2 percent from February and is now 47 percent below the peak of October 2007, Moody’s said in a statement ...So-called trophy properties in New York, Washington, Boston, Chicago, Los Angeles and San Francisco are helping those markets avoid the drag caused by distressed asset sales nationwide, Moody’s reported.
The overall index shows “no sign of recovery,” Moody’s said. "
http://www.calculatedriskblog.com/2011/05/moodys-commercial-real-estate-prices.html