Difficult economic headwinds are impacting negatively on shopping centers and causing a drag on foot traffic, but there are some small grounds for optimism according to the latest Placer.ai Mall Index.
With March having 10.7% more days than February, mall visits month-on-month increased in real terms: 15.6% for indoor malls, 15.3% for open-air lifestyle centers and 23.4% for outlet malls.
The index analyzes data from more than 100 top-tier indoor malls, 100 open-air lifestyle centers (not including outlet malls) and 100 outlet malls across the country. Placer.ai is a provider of location intelligence and foot traffic data software.
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