NREI Online
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
