Data for the year 2000 is not in but chances are high that Portsmouth remained in the same position for the new Millennium. Vacancy rates reflect the ratio of total square footage to tenant occupied square footage.
Higher rates mean more vacancies.
Despite growing interest in Portsmouth from homebuyers and restaurant entrepreneurs to corporate players, retail has suffered for the last three years. The center is called Tower Mall. Multiple factors have contributed to this decline. Recently announced to the public is the intention of the City to completely redevelop the Tower Mall corridor. Lowes Home Improvement Warehouse has signed a lease to become the first tenant in this redevelopment plan.