Not exact matches
Residents who lived near
vacant land that had been restored
reported a significantly reduced perception of crime and vandalism as well as increased feelings of safety and use of outside
spaces for socializing, according to a new study at Columbia University's Mailman School of Public Health.
The two buildings — the Block 37 retail center at 108 N. State St. and Sullivan Center at the corner of State and Madison streets — together account for 92 percent of the
vacant retail
spaces in the corridor, the CBRE
report said.
According to a recent
report from real estate services firm JLL, department store closures alone will result up to 37 million sq. ft. of newly
vacant mall
space this year.
The
report says that sublet
space — one of the leading indicators of the health of the office market — jumped during the first quarter of the year and now accounts for 19.5 per cent of total
vacant office
space across the country.
Several large real estate loans backed by Houston office buildings with
vacant space and exposure to the volatile energy industry have the potential to default, according to a recent
report from a ratings agency Morningstar Credit Ratings.