06 March, 2017

Death of Suburbia series overview - Business Insider

Death of Suburbia series overview - Business Insider: "The commercial real-estate firm CoStar estimates that nearly a quarter of malls in the US, or roughly 310 of the nation's 1,300 shopping malls, are at high risk of losing an anchor store.

Once that happens, it spells trouble for communities — especially those in the suburbs, where job opportunities are more limited than in cities.

"Malls are big, big contributors to city and state taxes, jobs, and everything," Howard Davidowitz, chairman of the research firm Davidowitz & Associates, told Business Insider's Hayley Peterson. "Once they close, they are a blight on the community for a very long time."


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