5 Reasons Why Regency Square Mall's Days Are NumberedDecember 2, 2014 90 comments Print Article
Ten percent of the nation's 1,000 enclosed malls are predicted to fail by 2022. Here are five reasons why Regency Square Mall will be one of them.
People tend to be attracted to new and shiny places. Retailers do as well. So it makes sense that 86.5% of malls hampered by vacancy rates of 35% or higher, were built before 2000. That's bad news for Regency. Its obsolete space dates back to 1967 and the last major facelift happened in the 1990's.