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Report: Repurposing Retail Centers

Updated: Jan 24

"Once able to attract consumers by offering a range of retail options in a single location,

traditional malls have struggled to compete with other retail formats in recent years. Many

anchor stores and smaller mall-based retailers have gone out of business due to competition

from online and budget retailers. Although certain upscale malls located in dense and

growing metropolitan areas continue to attract customers, Class B and C retail centers have

struggled to remain open.

While many of these properties may no longer support a traditional mall, they are often

strong candidates for redevelopment. This report examines how developers have revitalized

properties by adding new uses, amenities and services. Individual profiles describe how

developers repositioned or redeveloped obsolete malls using a variety of approaches."

- Jason Beske


Read the full study by the NAIOP here.