Things did not appear to go well for retail landlords in 2017. Big chains announced thousands of store closings and filed for Chapter 11 bankruptcy protection at a record rate, leading analysts to predict that hundreds of malls were on the verge of closing. The forecasts for the future proved even more grim than the present.
But that’s not how mall owners see their own prospects. Mall managers
tend to bemoan what they see as sensationalized coverage and doomish
predictions designed to drive traffic to news websites—and rent
reductions for their retail tenants.
How bad is it really? Figuring that out isn’t as easy as you’d think.. . . more