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Mall Operators Face Trouble Ahead As Tenant Exodus, Pandemic Fallout Push Off Recovery

Unibail-Rodamco-Westfield Weighs Complete Exit From US Properties by 2022
Unibail-Rodamco-Westfield said it is evaluating whether to sell most of its prominent U.S. shopping mall assets as demand falls across the industry. (Getty Images)
Unibail-Rodamco-Westfield said it is evaluating whether to sell most of its prominent U.S. shopping mall assets as demand falls across the industry. (Getty Images)
CoStar News
February 17, 2021 | 12:25 AM

Vacancy rates at U.S. malls are surging faster than any other retail property, a reflection of a pandemic that's forcing stores to close and one international operator to weigh whether to make a complete exit.

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