Retail experts have long sounded the alarm on malls in the US.
But malls are not going extinct, they are merely adapting to a new environment. In fact, many have reported robust occupancy levels and bigger crowds than before the pandemic, according to a recent market analysis from Coresight Research.
If there’s retail growth around the mall but not inside it, then it means the mall is overcharging for rent. I’ve seen similar things, and the malls tend to have plenty of empty spaces.