Shopping Malls Turned Warehouse? CRE Might be onto Something

Over the course of the next few years, nearly 30% of all American malls are expected to close their doors and focus more heavily on online sales. It’s no big surprise that with the rise of offline to online shopping increasing at a fast pace, retailers are focusing their efforts on e-commerce business rather than the physical shopping experience. What’s to come of these empty shopping malls? New space for warehouses to launch e-commerce facilities. More shopping center and mall spaces are being repurposed for industrial distribution as e-commerce begins…

Read More