The slow death of the American Mall......

I bet it was a got damn CAC!

Add this to the out CAC me thread.

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This has to happen often at various work places. Im sure the seat in which this happened was thoroughly cleaned.
 
It's worse on a plane. Keep in mind that you'd be breathing recycled air. All that fart funk goes no where & lasts for way too long

True my last few flights along with that grocery shopping during flu season I'm a germaphobe now. Humans are nasty sneezing and coughing just open not covering their feeding troughs.
 
Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies
Leasing and construction activity in the first quarter was unusually slow, according to a report from data firm Reis Inc




Retail mainstays have closed stores amid changing consumer spending patterns. According to Reis Inc., the first-quarter ‘absorption’ rate was the lowest in more than five years.



By
Peter Grant
April 1, 2018 4:48 p.m. ET
3 COMMENTS

Empty space in regional shopping malls reached a six-year high in the first quarter, adding further stress to regions being hit by a retail earthquake that is shaking up the job market across the U.S.
The vacancy rate in big U.S. malls increased to 8.4% in the first quarter of 2018, up from 8.3% in the fourth quarter and the highest since the fourth quarter of 2012, according to real-estate data firm Reis Inc.,which studies 77 metropolitan areas. Meanwhile, neighborhood and community shopping centers in 41 of the 77 areas experienced an increase in vacancy during the 12 months ending on March 31.
The numbers show that bricks-and-mortar malls and shopping centers continue to be hurt by shifting consumer spending patterns, particularly the increasing use of online retail. Numerous department stores and other retailers that traditionally have been mainstays of shopping areas have been contracting or have failed.
Reis reported that retailers occupied 453,000 more square feet of shopping center space at the end of the first quarter than the fourth quarter of 2017, but that amount of “absorption” was the lowest for any quarter in more than five years. The completion of 712,000 square feet of new shopping center space also was “much lower” than average, Reis said.
The Schuylkill Mall, in Frackville, Pa., announced in May 2017 that it was closing. PHOTO: SPENCER PLATT/GETTY IMAGES
“The first quarter tends to see the lowest activity,” the Reis report said. “However, this was an unusually slow quarter for retail leasing and construction.”
The weakness in the retail real-estate sector comes at a time of overall growth in the U.S. economy. Store and shopping center closings have beenparticularly painful to small cities that have been reliant on the sector for jobs and taxes.
The trend is attracting increasing scrutiny from elected officials. State governments have been enacting new laws to require Amazon.com Inc.and others to collect sales tax on online purchases so physical stores aren’t disadvantaged.
Last week, President Donald Trump renewed his attack on Amazonover its business practices and economic impact. “They pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!” tweeted Mr. Trump, who also has targeted Amazon Chief Executive Jeff Bezos, owner of the Washington Post.
Amazon declined to comment on the tweet. The company has pointed out that it now collects sales taxes on its own inventory in all 45 states that have such a tax.
The impact of the weak retail real-estate sector was on full display on Wall Street last week when Brookfield Property Partners LP and GGPInc. announced a deal in which Brookfield will buy the roughly 66% stake in the mall owner it doesn’t currently own. The price of $23.50 a share was lower than many expected and was interpreted as a sign that even the highest quality malls that GGP owns are being hurt.

Reis reported that the overall neighborhood and community shopping center vacancy rate remained unchanged in the quarter at 10% compared with the fourth quarter of 2017 and up slightly from 9.9% one year ago.
Of the 77 regions studied, Indianapolis and Tacoma, Wash., had the highest year-over-year vacancy increases: 1.2 percentage points to 15.5% and 1.5 points to 13.8%, respectively, Reis said.
Meanwhile, Syracuse, N.Y., had the largest decrease in vacancy, down 1 percentage point to 12% at the end of the first quarter. Cleveland had the second largest vacancy decline, dropping 0.7 percentage point to 14.6%, Reis said.
 
These brick and mortar stores need to understand the power of online retail and free shipping in the digital age.

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Peace Brother,

I have long believed brick and mortar stores in retail and a few other sectors are on a very slow death march.

Brick and motor will make a very, violent and quick demise when the bell tolls.

You will still have a few spots for those that want a higher end experience and are wiling to pay.

But in the very near future non-digital access will be a problem for transacting commerce.
 
I can't remember the last time I went shopping in a damn mall. I only go there to eat, or to show out of town friends/family how the malls look.

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Peace Brother,

The last time I was at the mall was about a month ago. I was out of town and needed a white dress shirt. I spilled some grape juice on the shirt I brought.
I had a very important meeting so it had to go down.

Other than that its been a minute.
 
Malls won't die, but they'll look much different in the future.

The anchor stores will be replaced with community colleges, government offices, libraries and such. The stores will become smaller and stock more boutique and specialty items. Food court will also become larger.
 
Malls won't die, but they'll look much different in the future.

The anchor stores will be replaced with community colleges, government offices, libraries and such. The stores will become smaller and stock more boutique and specialty items. Food court will also become larger.
Never considered that.
Most strip malls won’t survive. These giant malls don’t have long. I think they will be bulldozed and apartments built b
 
Malls won't die, but they'll look much different in the future.

The anchor stores will be replaced with community colleges, government offices, libraries and such. The stores will become smaller and stock more boutique and specialty items. Food court will also become larger.
Never considered that.
Most strip malls won’t survive. These giant malls don’t have long. I think they will be bulldozed and apartments built
 
It's obvious malls are becoming a thing of the past. The real question is whether it's fair for your state or local government to tax you for a business that's not physically on your state.
 
Never considered that.
Most strip malls won’t survive. These giant malls don’t have long. I think they will be bulldozed and apartments built

I think a lot of these malls will be converted to mixed use to include apartments and shopping centers. It'll be like the one on Bay Street in Emeryville
 
Just recently talking about this. Great post.

IMO the aging population doesn't have the legs, time or desire to go to malls where teenagers are gathered and crowded and parking is a mile away.

My old ass as well as other old asses go where we can park our broken fat asses 30 feet from the entrance.

Lastly, we love shopping online. Can't beat it.
 
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https://www.atlantasportscity.com/

Anyone on the east side of Atlanta, welcome to Stonecrest Mall...

Somewhere in there it talks about how the sports city will have food and shopping for all your entertainment needs...at first I thought wth, the mall close by. Then I realized they talking about the mall...if this works, all the dead malls gonna find new lives.
 
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