Malls rated class B- and below are likely to be repurposed over the next 10 years
/According to Green Street, “The retail prospects for most malls graded ‘B-’ or below are generally dire; many will be repurposed with another real estate use over the next decade.”
But some experts — including the country’s largest owner of shopping malls Simon Property Group — believe that upgrading a B+ mall that is located in a good market with limited competition into an A- mall is doable given a sound capital allocation strategy for renovation, targeted leasing and marketing.