Thank you for your reply. Did additional research yesterday. The next closest strip mall is about 3 miles from this one and is much much larger, close to 70,000 sq ft and is about 80% full so has 20% vacancy. The leasing rate at the larger strip mall is about $10 to $15 per sq.ft per year depending on the location.hank you for your reply. Did additional research yesterday. The next closest strip mall is about 3 miles from this one and is much much larger, close to 70,000 sq ft and is about 80% full so has 20% vacancy. The leasing rate at the larger strip mall is about $10 to $15 per sq.ft per year depending on the location.
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