Revisited (2009): Shop Space in Open-Air Centers

Last year Irwin Development Group did a study concerning shop space (suites less than 3,000 square feet) and how much was required given the size and anchor tenant makeup for the various center types. Given the state of the economy and the stormy upheaval that has occurred in commercial real estate these past months, Irwin Development Group decided to look again at these centers to see what has happened over the last 12 months. The results are shown below and compare the 122 properties last year with the same properties from this year.

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