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WPG - Yes The U.S. Has Too Many Malls: Busting 3 Big Myths
Washington Prime Group Inc.
There are more than 1,000 malls in the United States today. (Exact estimates vary based on how different analysts count.) However, many of them are struggling with rising vacancy rates and falling customer traffic. As a result, many analysts expect a wave of mall closures in the coming years. A widely-cited 2017 Credit Suisse study estimated that up to a quarter of U.S. malls could close by the end of 2022.
Some contrarian investors, as well as executives from mall REITs like Washington Prime Group (WPG) and CBL & Associates (CBL),