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Retail mall vacancy rate jumps, as do retail rental costs

July 6, 2017

The second quarter delivered a 10 percent increase in the retail mall vacancy rate, and rents increased a bit as well, according to a CNBC report, citing research data from Reis.

The research noted the mall vacancy rate change was likely related to Macy's store closings.

"The negative net absorption seen in June may be a harbinger of things to come in the next few quarters as more store closings will likely hit the statistics, yielding negative net absorption," Barbara Denham, senior economist at Reis, told CNBC.