The Colliers report, done in conjunction with locally basedRestrepo Consulting Group, says no new retail centers weredelivered in the second quarter and that net absorption wasnegative at 235,000 sf. The CBRE report shows 880,000 sf of newretail space being delivered and net absorption being positive tothe tune of 450,000 sf.

The result is a 180 basis point difference in the overallvacancy rate, with CBRE putting it at 5.82%, up from the mid 4%range 12 months ago, and Colliers placing it at 4%, up from 3.1% 12months ago.

A third report, by Applied Analysis, a locally based businessresearch and advisory firm that tracks 50 million sf of retail inthe market, shows a more dramatic increase in vacancy than eitherof the first two reports. Applied Analysis puts the current vacancyrate at 6%, up from 3.3% 12 months ago, a 270-basis -point increasein the past year and the highest vacancy rate since the mid-1990s.CBRE is reporting a 180-basis-point increase over the past year.Colliers is reporting a 90 point jump.