Why Retail Space Construction Is Deteriorating

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An opinion piece on Bloomberg.com — Goodbye, Malls of America– lists the reasons:

1. “The malling of America is done.”

2. NY state “leads the pack” of places with dying/abandoned malls, with 42. The article provides a link to Deadmalls.com.

3. Online shopping is coming close to equaling 6% of total U.S. retail.

4. Younger folks are more inclined to buy online than older folks (meaning the prospects for malls from here aren’t so great).

 

Source: http://electricalcontractor.com/?p=14951

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