When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
WPG - U.S. Publicly Traded Mall REIT Vacancies Are Not That High
Washington Prime Group Inc.
Another gloomy breaking news alert on malls. This time, U.S. shopping mall vacancies reach 8-year high (a post-financial crisis high reached in 2011) according to data from Reis, part of Moody's Analytics. This was also picked up by some major news outlets like the Financial Times which wrote a summary article following the negative sentiment around the bankruptcy of Forever 21, which has earmarked 178 locations in the U.S..
Some key highlights of the findings include:
9.4% of units were vacant/unoccupied in Q3 (data tracks 77 metro areas)