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NREI – Regional Mall Owners Focus on Adaptive Reuse and Smaller, More Nimble Tenants
Malls are taking a hit with the loss of anchor department stores like Sears, J.C. Penney, Bon-Ton, Carson’s and Macy, not to mention in-line tenants.
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CNBC – US mall vacancy rate backs off 7-year high but more closures from Sears & others on the way
While mall and shopping center owners appear to be holding their own at the moment, another wave of closures are expected in 2019.
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Commercial Real Estate Direct – Mall Vacancies Increased in 1Q as Sears Closed Stores
The vacancy rate for regional malls in the United States increased by 30 basis points to 9.3 percent in the first quarter.