Kate King

Forever 21 was going out of business for several years. And so it wasn't generating a lot of tenant sales, which mall owners use to boost rent. And mall owners are just really looking forward, in many cases, to Forever 21 exiting their malls so they can release this space to higher performing tenants themselves.

Forever 21 was going out of business for several years. And so it wasn't generating a lot of tenant sales, which mall owners use to boost rent. And mall owners are just really looking forward, in many cases, to Forever 21 exiting their malls so they can release this space to higher performing tenants themselves.

Well, a lot of people are surprised to hear that malls are still kicking and in some cases thriving. It's not all malls. We always knew that the very top luxury, what we call trophy malls, would survive and make a lot of money for their owners. But what we found over the past year or so is that more than just these really high-end luxury malls are doing pretty well.

Well, a lot of people are surprised to hear that malls are still kicking and in some cases thriving. It's not all malls. We always knew that the very top luxury, what we call trophy malls, would survive and make a lot of money for their owners. But what we found over the past year or so is that more than just these really high-end luxury malls are doing pretty well.

The top mall owners in this country are reporting that their malls are

The top mall owners in this country are reporting that their malls are

pretty close to full but of course there are many malls across the country that are not doing well and probably won't exist for much longer to answer your question malls aren't back to the same level of foot traffic they saw before the pandemic but the malls that are doing well in terms of occupancy leasing rent growth they are doing quite well right now i'm curious what's driving this

pretty close to full but of course there are many malls across the country that are not doing well and probably won't exist for much longer to answer your question malls aren't back to the same level of foot traffic they saw before the pandemic but the malls that are doing well in terms of occupancy leasing rent growth they are doing quite well right now i'm curious what's driving this

A really big reason that the top malls are doing so well right now is because no one is building malls. There's no extra supply coming onto the scene to steal foot traffic and shopper interest from existing properties.

A really big reason that the top malls are doing so well right now is because no one is building malls. There's no extra supply coming onto the scene to steal foot traffic and shopper interest from existing properties.

And at the same time, most mall owners are reporting and most retail owners are reporting that consumer spending remains quite strong and resilient despite all these economic headwinds we're hearing about.

And at the same time, most mall owners are reporting and most retail owners are reporting that consumer spending remains quite strong and resilient despite all these economic headwinds we're hearing about.