For better or worse, 2010 didn’t bring a whole lot of change to the retail sector in north Johnson County
LANE 4 Property Group, which owns the Village Shops, Corinth Square, and several other retail spaces in Prairie Village, released its annual retail report Monday. The report showed occupancy rates in the area had dipped slightly, by .3 percent, while lease rates recovered a bit from the impact of the recession, increasing by 4.3 percent.
The report notes that three major retail developments in north Johnson County that had been scheduled to open in 2009 remain uncompleted. The projects would have made up more than a million square feet of leaseable space. The report also notes that the owners of Metcalf South Mall have announced plans for a major redevelopment that could begin as early as 2011.
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