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Vacancy rates are still a struggle for shopping center and office building owners in some areas. Maybe your local economy isn’t robust and businesses aren’t interested in new office space, your projections for how much foot traffic your center will see were higher in theory than in reality, or other owners are offering better leasing packages than you are for the same types of space. If you find yourself in the position of having to actively draw in tenants, you can sweeten the deal for those that might be on the fence.
