Despite all the doom and gloom over shopping malls, one key figure remained fairly strong. Nationwide, average rents have either stayed the same or ticked up from one quarter to next for the last seven years. Until now. In the third quarter, the average rent for malls was $43.25 a square foot — down from $43.36 in the second quarter, the Wall Street Journal reported. Rents had not slid quarter over quarter since 2011, the […]
source https://therealdeal.com/2018/10/03/that-empty-feeling-shopping-mall-vacancies-hit-a-7-year-high/
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