Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/122387
WiLL the Merger of office depot and officeMax SpaWn More eMpty BoxeS? Filling the voiD Those supposedly hard-To-FIll vacanT bIg boxes are leasIng up FasT R By Steve McLinden emember all those vacant big-box sites that were supposed to sit and gather dust for decades? today the only dust to be seen at many of them is being kicked up by the processions of tenants scrambling to fill them. minimal new retail construction and a brighter housing, jobs and lending picture have retailers and other users refilling boxes of every size. though deals have yet to return to prerecession pricing levels, big-box vacancy rates are dropping and cash flows rising faster than many had predicted just a few years ago. a prime example: the brisk leasing and sales activity of the nearly 400 vacant borders books spaces returned to market following the retailer's 210 SCT / M a y 2 0 1 3