United States

US Malls Haven't Been This Empty Since 2012

The vacancy rate at regional and super regional malls reached 8.6 percent in the second quarter of 2018

U.S. malls haven't been this empty since 2012, when the retail industry was clawing its way back after the Great Recession, according to a new report from real estate research firm Reis.

The vacancy rate at regional and super regional malls reached 8.6 percent in the second quarter of 2018, based on a survey by Reis of 77 metropolitan areas across the country.

That was up from 8.4 percent in the prior period, and a high not seen since the third quarter of 2012, when the vacancy rate was 8.7 percent, CNBC reported.

Contact Us