If Retail Is Dying, Why Is Money Pouring Into Malls?

Despite the woes of brick and mortar retailers, construction spending on shopping center and malls has been strong.

Across the country, construction spending on shopping centers topped $1.6 billion in June, the largest amount since 2008 and the Great Recession. Builders have been especially busy working on malls, spending $404 million in April. In nominal terms, that’s the second highest monthly total ever according to Census data, coming in behind July 2008.   

 

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If Retail Is Dying, Why Is Money Pouring Into Malls?