Quote Originally Posted by 3WC View Post
If a commercial property doesn't have a 5% vacancy rate it's an indication the rents are too low.
This is another thing. Fifth Ave. in Manhattan will always have more vacancies than Fordham Rd. in the Bronx. That does NOT mean that Fifth Ave. is less desirable; it's just a very different tenancy and ownership structure.

While 12 Oaks is no Fifth Ave. [[or even Somerset) owners like Taubman want the "right tenant" and are willing to wait to curate the appropriate retail mix.