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Boom in US Retail Real Estate Defies Prediction of Ecommerce Apocalypse
Vacancies at open-air shopping centres in the US have dropped to historically low levels [non-paywalled source], defying forecasts of a retail apocalypse caused by the rise of ecommerce. From a report: Landlords of complexes anchored by big-box chains, discount merchants and supermarkets have gained...
Vacancies at open-air shopping centres in the US have dropped to historically low levels[ non-paywalled source], defying forecasts of a retail apocalypse caused by the rise of ecommerce. From a report: Landlords of complexes anchored by big-box chains, discount merchants and supermarkets have gained power to raise rents as leases expire. Retailers plan to expand further in the years ahead, led by discount chains favoured by inflation-weary consumers seeking deals.
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