Quote:
Originally Posted by biggus diggus
Have any of you been to Fashion Square lately? I sure have. the amount of space that's either vacant, converted to entertainment, or being rented by Chinese massage or grey market discount stores is astonishing.
How any of you can argue that retail (the way we know it) isn't dying is beyond my level of comprehension. You must be in denial. The shape of malls has changed and management companies know this. Biltmore is changing its use away from retail stores in order to keep leases signed.
Below are some links that will provide you with some reading on the subject. I have purposefully not just picked ones that support my narrative, but I think after reading them you'll agree that mall retail is a dying breed.
https://www.vox.com/the-goods/2019/4...ears-toys-r-us
https://medium.com/@efeng/the-circle...g-ac9df55f9143
https://www.forbes.com/sites/gregpet.../#12eae6287221 |
I don't know about the overall state of retail and malls as a whole, but the owners of Scottsdale Fashion Square sure put a large amount of money into it just last year (between $140 million and $160 million) for something that has a lot of 'vacant, converted to entertainment, or being rented by Chinese massage or grey market discount stores'
https://azbigmedia.com/lifestyle/sho...ashion-square/
https://www.bizjournals.com/phoenix/...ew-luxury.html
Personally, I'm not a fan of malls, but I live near the Chandler Fashion Center Mall and if I do have to go there, the parking lot is always mobbed and I don't notice a huge amount of vacancies, so they seem to be doing okay too.
