Directory of Major Malls
Directory of Major Malls

Regional malls alive and kicking

by Jim Stevens,
SNL Financial

May 8, 2012

The U.S. housing crisis and recession slowed
consumer retail spending capacity. From 2000-2008, median household
income in the U.S. grew to $54,749 from $42,164, but has stalled since
that time. The projection for 2016 now sits at $57,536, according to

this slowed income growth, regional malls appear well-positioned to
compete against other retailers. These malls are able to draw on a large
and diverse geographic base of consumers by offering unique and luxury
goods. Furthermore, anchor tenants usually sign 15- to 20-year leases,
which provide a strong base for tenant retention. Occupancy of all
domestic regional malls owned by U.S. REITs saw a quick recovery after
the recession, moving to 93.2% by the end of 2011 from 91.0% at the end
of 2009.

all brick-and-mortar retailers face increasing competition from online
retailers. One of online retailers’ biggest advantages is avoiding sales
taxes in most states. Read the complete article

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