After rising to recessionary levels, the Chicago-area retail vacancy rate has fallen for the second straight quarter, a positive sign for a market smarting from a wave of store closings and retailer bankruptcies.
After rising to recessionary levels, the Chicago-area retail vacancy rate has fallen for the second straight quarter, a positive sign for a market smarting from a wave of store closings and retailer bankruptcies. The local vacancy rate dropped to 10.9 percent in the third quarter, down from 11.1 percent in the second quarter and a recent peak of 11.6 percent last year, according to CBRE.
...moreRSK: A bit of cautious optimism here....I guess that is good news...like stopping the bleeding after most of the blood has been spent!
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- - Volume: 7 - WEEK: 44 Date: 10/29/2019 7:19:38 AM -