With all the crazy characters out there, shopping can often be a spectator sport for the rest of us more mundane browsers. Or it can turn into a free peepshow, as patrons of a California strip mall found out this weekend when two people who’d reportedly just met started humping each other in public. [More]
strip malls
Malls Even More Vacant Than They Were Three Months Ago
Following a first quarter of 2011 that saw mall vacancies rise to 9.1 percent, the second quarter was no kinder, with the vacancy rate inching up to 9.3 percent. Strip malls are having an even tougher time keeping tenants, with 11 percent of storefronts sitting empty. [More]
Around One Out Of Every 10 Mall Stores Now Vacant
The malls of America have seen better days. In the wake of the still-lingering economic downturn, vacancy rates at shopping centers — of both the “classic mall” and “strip mall” varieties — are at their highest levels since the twentieth century. [More]
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U.S. strip malls vacancies are up to a 5 1/2 year high of 7.4%, ripples of the sub-prime meltdown. [WSJ]