By  on May 3, 2010

There are flickers of hope in the beleaguered retail real estate industry.

Vacancy rates are down in several cities and fewer retailers are asking landlords for rent reductions. In San Francisco, leases that were on hold for as long as a year are being dusted off and signed, local brokers said. Two mixed-use projects with large retail components are moving forward in Chicago. Meanwhile, rents have increased modestly in several Manhattan neighborhoods.

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