U.S. neighborhood and community center vacancies fall in 1st quarter

April 3, 2015 3:30 AM

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April 2 (Reuters) - U.S. neighborhood and community center vacancies fell for the second straight quarter, indicating a pickup in a market that has remained subdued since 2013 as consumers increasingly take to online shopping, real estate research firm Reis Inc said.

Vacancies at U.S. neighborhood and community centers, which generally house discount stores, drugstores and supermarkets, fell to 10.1 percent in the first quarter from 10.2 percent in the fourth, Reis said.

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