Vacancies and lease rates at US shopping centers continued to worsen in the second quarter, but the slowing pace of the deterioration hints at a recovery starting in the coming quarters. Vacancies at large malls in the top 80 US markets rose to 9% in the second quarter, up from 8.9% during the first quarter, according to real-estate research company Reis. Mall vacancies have increased steadily for nearly four years as consumers reined in their spending and retailers closed stores and curtailed expansions.
Shopping centers struggle with vacancy
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