To Remain The `Cornerstone Of American Retail,` Malls Should Pursue These Tenants


To Remain The `Cornerstone Of American Retail,` Malls Should Pursue These Tenants


As American malls are forced to adapt in response to changing consumer preferences and the rise of e-commerce, landlords have increasingly turned to healthcare and restaurant tenants to drive traffic.

A new CBRE study found that on average, department stores fill nearly half of malls` gross leasable area with apparel, while accessories typically occupy another 29%. These two categories are experiencing the slowest growth in retail at present, particularly because shoppers can purchase those products online via their computers and smartphones with ease....

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RSK: Used to be a restaurant would buy or lease an out lot on the perimeter of the Mall....now they are locating inside and it probably is a good thing for both.

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- - Volume: 5 - WEEK: 38 Date: 9/19/2017 8:28:12 AM -