Commercial Real Estate, Capital, Insurance, Leasing & Management

Building Boomlet

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Owners eager to improve and diversify their properties have spurred a wave of new construction.

Text below is excerpted from the June 2017 issue of Shopping Centers Today.

The national retail occupancy rate was 5.4 percent at the start of 2016, and dropped to 5 percent by year-end, according to national commercial real estate research and services firm Franklin Street. But department store shrinkage and other retail downsizings may push that slightly upward by the end of this year, the firm says.

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