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Region's retail vacancy rate increases as stores close: county still sports third lowest figure in nation.

Publication: San Diego Business Journal
Publication Date: 27-APR-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Region's retail vacancy rate increases as stores close: county still sports third lowest figure in nation.(Special Report)

Article Excerpt
Weak consumer spending and slowing tenant activity are driving up vacancy rates. Retail vacancy rates increased in San Diego County for the fourth straight quarter, according to Voit Commercial Brokerage of Newport Beach.

Voit reported April 21 a 4.4 percent vacancy rate in the first quarter compared with 3.26 percent in the fourth quarter of 2008 and up 35 percent from the 3.26 percent rate in the same quarter of 2008.

Much of the vacancy was a result of several major retailers vacating large anchor spaces...

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