NEW YORK CITY-Average occupancy rate and average annual rent of US shopping centers and malls have improved slightly in Q4 of 2011. Malls in the major 80 US markets reported 9.2% of average vacancy rate. Average yearly rents at US malls increased by 0.3%, while that of strip centers increased by 0.1%.
However, any improvement remains unstable and outlook is mixed for this year, according to Reis Inc. Landlords will face problems due to store closures by retailers such as Gap and Sears. For the full story, go to Wall Street Journal .
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