I’ve worked for real estate developers over the years, and I’ve heard a lot of interesting things about changes in commercial real estate. The U.S. commercial real estate market has been overbuilt for several decades, and online retailing is simply accelerating a trend that would have been unfolding anyway.
No one is saying it so I will have to:
In the northeast many major Malls have become “diverse”
White women and their children no longer feel safe going anytime but during the mid day.
Hence their decline.