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Daily Real Estate News  |  May 27, 2010  |   Retail Occupancy Recovery Expected in 2011
Retail vacancy rates hit 11 percent in the first quarter of 2010, but real estate services firm Colliers International says the worst appears to be over.

Colliers expects vacancy rates to go still higher this year, but level off and begin to recover in 2011.

"It appears that contraction in the U.S. retail real estate market is finally winding down, but not completely over," says Garrick Brown, Colliers International's U.S. retail research director.

"We expect store closures to continue through year-end; but the return of credit and capital, coupled with an uptick in M&A activity, could be a much-welcomed shot in the arm for U.S. retail real estate," he says.

Source: Colliers International (05/26/2010)

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