Tumult in the markets hit REITs particularly hard. Stock prices of every retail REIT dropped during the past 30 days.
More Empty Space
Vacancies at regional malls are approaching the peak of the 2001–2002 downturn.
Where the Jobs Are
During the first eight months of the year, the multifamily sector was the most active in terms of hiring, according to the SelectLeaders/Cornell Real Estate Employment Matrix.
Vacancy rates are rising and effective rents falling at neighborhood and community centers.