Is suburban retail (malls, too) primed for a comeback?

Simon Property Group CEO David Simon predicted a “major comeback” for suburban retail coming out of the pandemic on his company’s fourth-quarter conference call last week.

“With all of the urbanization that was predicted two or three years ago, the question was, ‘Why are the suburbs going to exist if everybody is going to live in an urban environment?’,” said Mr. Simon. “I’m telling you, the suburbs are going to be hot. And our quality real estate is going to be where the action is.”

Numerous articles have detailed how urbanites are abandoning congested cities for the suburbs in part to ride out the pandemic...

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RSK: The idea of people shopping locally where they live (and if they are working from home) where they work, is not a ne idea. It makes sense then that people may do more purchasing in the suburbs...but I still do not think retail will rebound that much. This is mainly needed goods such as groceries etc., not clothing. Most of that will continue online. However, stores such as Kohls and target may become the pick up places for these consumer goods...

Ken Notes: Destination Experience...Destination Experience...Destination Experience...