From Cassidy Turley:
Cassidy Turley tracks shopping center vacancy, absorption and rental rate trends in 60 major U.S. markets. As of the close of Q1 2014, shopping center vacancy in the markets that we tracked stood at 8.5%. This is down from a reading of 8.6% recorded last quarter and the 9.0% rate that was in place exactly one year ago. Over the past twelve months, the marketplace has absorbed nearly 40.8 million square feet of shopping center space. Over 16.9 million square feet of this occupancy growth took place in Q1 2014.