Not even the Christmas season is expected to turn things around for struggling retailers, which are dropping like leaves and littering vacancies in shopping centers across the country.
"After the eatery closed five months ago, the 7,500- square-foot space remained vacant. With no tenants stepping forward and fewer customers clogging the parking lot, the plaza is quiet, with a curiously dark core."
"It's a scene repeated in various forms throughout the region, as the economic crash that started rolling through single-family housing more than a year ago begins to hit shopping centers, turning what had been a residential phenomenon into one that threatens commercial real estate as well."
"Business is so bad that an increasing number of retailers are calling it quits -- without waiting to see whether money can be made as the Christmas season gets underway."
FULL STORY: Shopping malls are running on empty
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Using Greenwood, Indiana as an example, Eric McAfee discusses how the value of individual suburban malls depreciates over time. Shiny new shopping centers compensate for inevitable vacancies in older ones.
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Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.
Researchers Use AI to Get Clearer Picture of US Housing
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Making Shared Micromobility More Inclusive
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