This, says Colliers, "shows the strongest overall vacancynumbers in three years." The good news is heightened by the factthat under-performing shopping centers (with more than 10%vacancies) plummeted during the period from 11% to 2% while thenumber of fully-leased centers spiked sharply from 32% last fall toa current 57%.

Other noteworthy points in the report include 2.9percentage-point drop in anchor-space vacancies to a 1% -- andshop-space vacancies falling from 8.2% in the previous survey to5%.

Capping the good news was the $0.66 per sf average increase inasking rental rates, with tenant charges rising $0.18 per sf. Overthe course of a year, Colliers says total rentals increased $0.84per sf to an annual rate of $23.70 per sf, representing a 3.5%increase.

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