As shopping malls around the country are putting up more vacancy signs, mall operators are quick to point out that not everyone is going down with the ship. "Class A" malls are purported to be the industry's sole bright spot, malls where foot traffic is relatively steady, justifying higher-than-average rents thanks to lower vacancies and higher-end tenants.
But as with any label, definitions vary. Mall owners eager to differentiate themselves from a sea of dead or dying malls are throwing around the Class A label as if it were a cut-and-dried adjective, not a subjective measure of a mall's position in the marketplace.. . . more