Healthcare clinics are becoming more attractive retail center tenants, investors are willing to pay more for well-positioned retail assets in high-growth secondary markets.
Industry insiders claim that mall traffic is rising and that newer retail centers, not e-commerce, are responsible for struggling properties.
The retail chain still has sizeable market share and changes from renegotiating leases to improving its e-commerce division could help turn it around.
The children’s attraction, which has seen more than 72 million visitors, is looking for 80,000-sq.-ft. spaces.
Rising demand for rapid and efficient delivery is making restaurant and grocery operators re-evaluate their space needs.
The “old model for mall success is on life support,” industry experts say.
While property fundamentals in the sector remain solid, development has slowed significantly.