Quote:
Originally Posted by esquire
The mall developers must have had their doubts, because it felt like they spent a good chunk of the 90s and 00s getting rid of the supermarkets that were still in major malls. It's only lately, since the department stores all started dying off, that they've had a change of heart.
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It was about yield. Grocers couldn't/wouldn't pay the rents that other mall anchor tenants would. And they generated more traffic tieing up more of the lot. So a lower yielding client for the mall owner overall. Now that retail is dying, that traffic and those rents look very attractive. I'll go so far as to say that any mall not having a grocery store is probably toast in the next 5 years. The only exception may be the absolute highest tier malls in each city.