Mall development in the U.S. is a virtually dead business because of oversupply and online competition. There’s a whopping 1.25 billion square feet of mall space and it only increased 0.32% this year, according to the International Council of Shopping Centers.
Read the rest of the article at: http://blogs.wsj.com/developments/2014/12/16/simon-other-developers-boost-supply-of-outlet-centers/?mod=WSJBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fdevelopments%2Ffeed+%28WSJ.com%3A+Developments+Blog%29&utm_content=Netvibes