Not exact matches
Borders» move to close about one - third of its stores earlier this year increased the collective vacancy rate of shopping centers that contained a Borders to 9.3 percent from 4.2 percent, estimated Chris Macke, senior real
estate strategist at
CoStar Group, the nation's largest
provider of real
estate data.
CoStar Group Inc., one of the main
providers of commercial real
estate data in the office and industrial sectors, in January embarked on a major expansion into the retail industry.
He says he doesn't view WeWork as a competitor, even though it has gobbled up more leased space in the U.S. — 5.1 million sq. ft. — than any other office tenant has since 2015, according to research by the
CoStar Group, a
provider of commercial real
estate data and analytics.