The next big pandemic, or a pivotal shift of how people consume goods and services, and malls will collapse.
Then again, who am I kidding... work was supposed to have been revolutionised during covid19, with work from home was viable as anything else saving costs for everyone (management don't have to rent huge spaces, workers don't have to commute to work), yet somehow the rich landlords managed to force everyone back into offices. So malls might just withstand the test of time.
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- WernerBilly·08-11 14:22I went back through post-covid occupancy on a few mall REITs and the resilience is better than I expected. Bigger risk is consumer habits shifting slower than leases reprice, no?LikeReport