Retail Center Occupancy Is High, with Sales Rising in Upscale Malls/Online Sales Hurt Stores, Business and Industry Trends Analysis

The largest enclosed shopping malls are sometimes referred to as “super-regional centers” (malls which include at least three department stores and at least 800,000 square feet of retail space.)  Such malls often contain more than 1.2 million square feet. Other types of shopping center properties, such as power centers and lifestyle centers, have been developing rapidly in recent years, in many cases robbing traffic from traditional malls.  A “power center” is typically an open-air complex of category-dominant anchors such as category-killers, home improvement stores, discount stores and warehouse clubs.  A “lifestyle center” is an open-air, highly landscaped configuration of approximately…

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