Monday, September 11, 2017

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

Los Angeles Grand Central Market, food hallAs 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.

“The American mall itself isn’t anywhere close to dead. It’s the old mall model that is dying," CBRE Americas Head of Retail Research Melina Cordero said in a release. "Converting malls’ tenant bases to include more of the categories that in-person shoppers now favor won’t be an easy or quick fix. But it is a necessary evolution for the mall industry to maintain its place as a cornerstone of American retail.". . . more

No comments: