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Originally Posted by vash
nice! "anchored" commercial real estate folks always dropping that word.
i need to check out the mega mall in San Francisco.
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Those anchors drive foot trafffic to the other tenants. Without a big draw the others will suffer. And without anchors, ownership absorbs more of the real estate tax burden. So, it’s a double hit to above and below the line.
The enclosed mall is an endangered species especially if not in or near a major metro like the Short Hills Mall in NJ or The Westchester in NY. These are considered upscale and can offer an experience in addition to a transaction on goods.
A lot of real estate investors I work with are transitioning their regional mall tenants from traditional retail to service to stave off the Amazon effect. After all, you can deliver a haircut…yet.