Study: Local malls have high anchor vacancy

PROVIDENCE – Shopping centers and malls in the Providence area have one of the nation’s highest vacancy rates for anchor stores, according to an analysis by Pitney Bowes and the Directory of Major Malls.

Providence shared billing with Memphis, Tenn., for lowest occupancy rate for anchor locations, with 86 percent occupied, according to the report.

The occupancy rate analysis is seen as an assessment of overall shopping-center vitality, according to Gary Faitler, a senior manager of client services for Pitney Bowes, and a co-author of the report.

The report did not investigate why certain shopping centers had greater occupancy rates among anchors than others, he said, or try to determine whether vacancies were temporary. The Providence market would include all shopping centers larger than 200,000 square feet in an area that includes Warwick, Cranston and surrounding areas in Massachusetts, including North Attleboro.

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