The retail market remains a bundle of contradictions. The number of store closures has been rising since the beginning of the year (Ralph Lauren and Uniqlo are the most recent to announce plans to shutter stores). Yet, overall shopping center vacancy is actually down when compared to mid-year 2015 and retail rents for premier shopping center space continue to rise.
Indeed, despite recent news of retail bankruptcies and increased closures, the market actually posted fairly healthy occupancy growth in the second quarter of 2016.
Source : Cushman & Wakefield