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Old 10-30-2009, 01:29 AM
3,283 posts, read 4,811,754 times
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A year ago I started to see ghost malls appearing. What is the outlook now?
Has the drop in rental mitigated the crisis or are commercial landlords still holding onto their prices?
Does anyone have any real examples of where landlords have dramatically cut rents?
Anyone know of any totally vacant strip malls?
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Old 10-30-2009, 06:53 AM
Location: Tampa
8 posts, read 22,996 times
Reputation: 11
I have not seen ridiculously low pricing from landlords. Retail vacancy is really not that bad, to be honest. Yes, it is the lowest in a decade, but from a historical perspective retail is on the light end as far as crisis' go. Yes, there are a handful of completely and near empty retail centers, but there is not an abundance. A handful of national retailers pulling out has left a few boxes empty too. Many of the seasoned properties that are under-performing have obsolescence issues that will always make them weak assets.

What I have seen from landlords is significant amounts of free rent.

Last edited by Keeper; 11-07-2009 at 01:37 PM.. Reason: realtor soliciting
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