As department stores trim their portfolios, the nation’s malls are being transformed.
Shoppers can expect to see more restaurants, entertainment venues, grocery stores and even other department stores take up space, according to a new report from JLL, Empty to Alive: The Next Use for Department Store Space.
There is a lot of space to fill. More than 300 department stores are closing this year, putting about 36 million sq. ft. of vacant space back on the market, according to the report.
