For Class-B Malls, The Future’s Uncertain And The End Is Always Near

Now that the worst of the coronavirus pandemic appears to be over, U.S. Class-B and lower malls are finding their new normal as well, which happens to be much the same as before. More closures, significant erosions in value and new owners looking for the best ways to redevelop the sites, which don’t necessarily include retail uses, mark the property type.
Redevelopment into industrial or other uses will be the salvation of only a fraction of dying Class-B malls in the years ahead, retail investment experts say. The real risk in the sector now is that some former malls face years in commercial real…

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