The Mall: Not Dead Yet

Retail Traffic Magazine reports that the indoor mall, long declared dead, has weathered the storm of the recession better than expected -- and better than many retail concepts imagined as the next big thing.
August 2, 2010, 6am PDT | Tim Halbur
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Elaine Misonzhnik writes, "In the first quarter of 2010, regional malls posted an average vacancy rate of 6.0 percent, a 130 basis points below the vacancy rate for specialty centers and 170 basis points below the vacancy rate for U.S. retail space overall, according to a report from the CoStar Group, a Bethesda, Md.–based research firm."

Why? One interviewee explains that many traditional malls were built at a time when the prime locations were still available and they continue to benefit from the demographic draw.

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Published on Friday, July 30, 2010 in Retail Traffic Magazine
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