One Bank's Stunning Forecast: "A Quarter Of All Malls Will Close Over The Next Five Years"
Which brings us to the latest report from Credit Suisse, according to which a staggering 20-25% of the 1,100 US shopping malls – between 220 and 275 shopping centers – will shut down within the next five year, resulting in a shockwave within the US retail and mall REIT sector, and slamming everything from equities to CMBS.
The Swiss bank cited mass store closings, the rise of e-commerce, and the growing popularity of off-price chains, which tend to be located outside shopping malls, among the reasons for the potential mall closings …. http://www.zerohedge.com
Source: http://luismmx.blogspot.com/2017/05/one-banks-stunning-forecast-quarter-of.html
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