Reis Inc., shopping center trends, retail traffic, bulk vending, vending machine business, amusement business, vending route, vending operator
NEW YORK CITY -- U.S. shopping centers, widely regarded as core locations for bulk vending, are showing economic signs of life. According to a new study by property research firm Reis Inc., a slowly improving economy is bolstering the retail and rental environment.
According to the study, occupied space in shopping centers rose by a net of 2.96 million square feet, representing the second-largest increase in retail centers since the first quarter of 2008, and up from 717,000 square feet compared with a year earlier.
The report pointed to an improved economic climate. U.S. chain-store sales last month rose 4.1% from a year earlier, the International Council of Shopping Centers said. And the jobless rate was 8.3% in February, the latest period for which Bureau of Labor Statistics figures are available and the fifth straight month it was less than 9%.
While the figures are not spectacular, they seem to signal positive news for bulk vending operators with locations in shopping malls and other large retail locations.