As a result of several factors such as the rise of e-commerce, changing consumer behaviors and rising rents, shopping malls have been hit particularly hard over the last decade. The mall vacancy rate in the U.S. is now at an all-time high of 9.7%, according to Reis Moody’s Analytics. That’s higher than the 6.8% vacancy rate following the 2001 recession and the 9.4% vacancy rate following the 2008 financial crisis.

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