Goodbye Big Box
An excellent article by John Cumbelich, a retail-leasing specialist, who shares the sad news of regional malls and power centers. “… the regional mall, some 400 of which will fail in upcoming years. Another 400 will struggle, leaving only about 250 “fortress” malls that are expected to thrive. On the other hand, he cites Oakland, California, “a city of half a million with zero regional malls and zero power centers, but thousands of units of downtown housing and new Class A office towers proposed and under construction, and one of the hottest restaurant scenes in the country.” (The Registry, March 7, 2018)
