trending Market Intelligence /marketintelligence/en/news-insights/trending/ufco-or7nyddfdbh3pza9g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Reis: US mall vacancy rate rises in Q1

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Credit Analytics Case Study Poundworld Retail Ltd


Reis: US mall vacancy rate rises in Q1

The vacancy rate of U.S. neighborhood and community shopping centers was flat in the first quarter at 10%, while the vacancy rate of U.S. malls ticked 0.1% higher from the 2017 fourth quarter to 8.4%, according to Reis Inc.

Nationally, asking and effective rents at shopping centers both rose 0.4% quarter over quarter to $20.96 and $18.34, respectively, representing year-over-year gains of 1.9% and 2.1%.

Mall rents ticked up 0.5% on a quarterly basis and 1.6% annually, but the increases masked the disparity between high-performing class A malls and poorly performing lower-end malls, Reis said.

Net absorption during the quarter totaled 453,000 square feet, the lowest amount in more than five years, Reis noted.

Construction was much lower than average as well, at 712,000 square feet, compared to the 3.1 million-square-foot quarterly average of 2017. While construction activity is usually low in the first quarter compared to other periods, the first quarter of 2018 was particularly sluggish for leasing and construction, Reis added.

Reis reported that 32 of 77 primary U.S. metros logged an increased vacancy rate in the first quarter, with Lexington, Ky.; Tacoma, Wash.; Wichita, Kan.; and Nashville, Tenn. seeing the largest increases. Dayton, Ohio; Richmond, Va.; Seattle; and Orlando, Fla. had the greatest decreases in vacancy.

San Francisco had the lowest vacancy rate, at 3.2%, followed by Orange County, Calif.; San Jose, Calif.; and Fairfield County, Conn.

Effective rents declined in 11 metro areas, led by Central New Jersey; Albuquerque; and Tampa-St. Petersburg, Fla.