Mall vacancies down

The vacancy levels in malls have come down to 14.51 per cent in the July-September quarter due to a decline in the supply of new mall space, according to a survey by real estate consultancy firm Cushman & Wakefield. The vacancy levels declined by 0.6 per cent to 14.51 per cent in Q2 2012. Cities such as Chennai, Ahmedabad and Kolkata witnessed a significant decline in mall vacancy levels, while a marginal rise in mall vacancy was recorded in Mumbai and the NCR.