The primary reason for this trend is retailers want to be in fast-growing residential markets--many of which don't have regional malls--so they are willing to take alternative sites, according to the report. They are locating in lifestyle centers, mixed-use projects and town center developments.A bonus for retailers is that operating expenses for inline space are significantly less than those at regional malls, according to United Properties.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
