Retail real estate's fundamentals improved in Q1

04/5/2013 | Bloomberg Businessweek · Wall Street Journal, The

Retail center occupancies reached a three-year high in Q1, with vacancies dropping to 10.6% from 10.9%, according to Reis. Effective rents reached $16.63 a square foot, compared with $16.51 year over year. The economy needs to become "more vigorous" for retail to make a stronger recovery, Reis said.

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Bloomberg Businessweek · Wall Street Journal, The

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