The damage inflicted on America’s malls by the rise of e-commerce may be worse than it appears.
As embattled retailers announce store closures at a record pace, some tenants are shrinking their footprints more quietly by choosing not to renew expiring leases, according to a report from property-research firm Green Street Advisors LLC. Of 2,468 in-line stores that closed in 2017 -- a category that excludes department stores -- 979 weren’t announced, the report produced by the firm’s advisory and consulting group shows.. . . more
No comments:
Post a Comment