Are Shopping Malls Getting Emptier?

Mall vacancies hit a six-year high in the first quarter of the year, reports The Wall Street Journal. The vacancy rate in major U.S. malls jumped to 8.4% — the highest since 2012 — and community malls also saw more open spaces. While the overall economy is strong, the “retailpocalypse” saw roughly 7,000 stores close last year as consumers shift to online spending. Malls have been experimenting with other anchors to increase foot traffic — particularly gyms, which have seen mall leases nearly double in the past five years, reports CNBC​.
Photo: Wikimedia
Posted in All Stories, Derrick & Sylvia in the Morning, News, Sports, Sylvia, Whats Happening Tagged with: , ,

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