Against All the Odds, Malls are Thriving Again

by Phil Wahba

So much for the death of the U.S. mall. For all the media stories of reeling malls with weeds growing through parking lot pavement cracks, new data show that the closing of the weakest ones and an uptick in retail sales have the sector thriving again. The occupancy rates of U.S. malls hit 94.2% at the end of 2014, their highest level in 27 years, according to the International Council of Shopping Centers.

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