If the mall killed Main Street, then this must be Main Street’s moment for schadenfreude.
Real Estate Investment Trust stocks have dropped 18% in the past year, Bloomberg recently reported, and while mall executives would prefer to see the current decline as a transformative period rather than a death knell, that may be wishful thinking.
Not all malls are created equal, of course. A-class malls are thriving, due to a premier selection of retail and restaurant tenants that successfully target the affluent communities they serve.
