Despite challenges facing brick and mortar retail, regional shopping center vacancy continued to trend downward during the last two quarters of 2016. New and expanding grocery chains, off-price apparel, home furnishing stores, and fitness chains took down multiple vacant anchor spaces. The retail mix within centers has been evolving to include a greater mix of service, medical, fitness, and entertainment tenants. Supermarkets are increasingly adding in-store dining options to attract customers. This is particularly noticeable in Pennsylvania due to relaxed beer and wine sale restrictions and the auction of expired liquor licenses to supermarkets.
Simply fill out the form below to view the full report.