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Despite an upturn in the economy in many areas across the country, many shopping center owners, especially in areas that are still depressed, are desperate to fill vacancies at their centers. Prospective retail tenants, particularly small retailers, may be hesitant about going into centers—especially if they have to commit to a long-term lease—because they’re worried that their businesses may fail. They may have to downsize, change their retail strategy, or terminate their operations altogether.
