Is the retail collapse over? Shopping mall owners think so.


Is the retail collapse over? Shopping mall owners think so.
Foreign brands and "e-tailers" like Warby Parker are helping to fill some of the millions of square feet of retail space that went dark last year. The decline in occupancy rates at shopping centers and malls that marked 2017 has stabilized this year. The retail industry is poised to stage a comeback after several brutal years. Bon-Ton, Toys R Us, Sears, Claire`s and Sam`s Club are just a few of the major retailers that have shut hundreds of locations altogether across the U.S. this year, leaving a glut of commercial real estate on the market. It`s allowed the few retailers that are still expanding as well as some "e-tailers" looking to plant some roots take advantage of the empty space and cheaper leases. The new tenants, filling some of the millions of square feet of retail space that went dark last year, have helped to ease concerns about an uncertain 2018 for shopping center owners. ...more RSK: Let`s remind ourselves that the new mall tenants are not necessary retail tenants. Food service, medical, bars and brew pups etc. Even housing has come to the malls.
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Foreign brands and "e-tailers" like Warby Parker are helping to fill some of the millions of square feet of retail space that went dark last year.
The decline in occupancy rates at shopping centers and malls that marked 2017 has stabilized this year.
The retail industry is poised to stage a comeback after several brutal years.
Bon-Ton, Toys R Us, Sears, Claire`s and Sam`s Club are just a few of the major retailers that have shut hundreds of locations altogether across the U.S. this year, leaving a glut of commercial real estate on the market.

It`s allowed the few retailers that are still expanding as well as some "e-tailers" looking to plant some roots take advantage of the empty space and cheaper leases.
The new tenants, filling some of the millions of square feet of retail space that went dark last year, have helped to ease concerns about an uncertain 2018 for shopping center owners.