1031 Exchange Series: The Retail Apocalypse

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1031 Exchange Series The Retail Apocalypse
An Abundance of Malls In 2021, it is estimated
that 1-in-3 malls and half of department stores
across the nation will close permanently. 75 of
all mall owners are considering repositioning
mall spaces in the future. Malls typically
generate a good chunk of local tax revenue but
increasing vacancy is a
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• problem that only keeps growing. Larger anchor
  tenants like JCPenny and Sears arent attracting
  the crowds they used to. Families dont look to
  spend their days visiting the local mall anymore.
• In the past, citizens believed having a mall is
  what turned their area into a city. Malls were
• An indicator of economic success
• An engaging place to spend time and money
• A controlled, safe environment where people may
  interact with others
• A bastion of suburban life, providing an
  experience similar to what previous generations
  experienced in big cities
• Shaping the way Americans see themselves and how
  theyre viewed by others
• An increase in globalization, e-commerce, and
  health considerations have shifted consumer
  behaviors. Shopping online offers a wider
  selection of goods and a convenient experience.
  Less overhead allows online retailers to offer
  products at reduced prices. Many malls that
  struggled to operate eventually became
  revitalized and turned into fulfillment centers
  by Amazon, the entity that brought about their
  decline.
• Read More 1031 Exchange Series The Retail
  Apocalypse
• Contact Details
• sales_at_phxa.com 415-485-4500
• 2401 Kerner Blvd, San Rafael, CA 94901, United
  States Fund Accounting Service

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