September 14, 2009
Mall Styles Changing with Economy
The current economy is bringing in new retailers to malls everywhere - the locals. Due to retail store vacancies, local merchants have the opportunity to take the open spots in malls.

Small businesses can often struggle to get off the ground, but having access to mall locations, gives them an upper hand and a stable start. This type of move can also help the malls generate a mixed clientele, upping their chance for a varied population of shoppers.

In the past, it was difficult for local retailers to land a spot in malls, but now opportunities abound. Short leases also give advantage to the smaller-end store owners.

Though mall leasing prices are still higher than traditional locations, locals end up saving on advertising. There tends to be a steady stream of shoppers walking through the mall, making stores more visible.

Tenants may not end at typical retail outlets, but could possibly expand to dental, medical, and various school settings, in the future.

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