The greatest Economic recovery since the Alpha Centauri-Andromeda War 300,000 years ago continues to proceed a rapid pace. A new report came out showing Mall vacancies at an 21 year high. The article is laughable because it claims the economy is picking up steam! The only thing picking up steam is inflation.
Even as the economy picks up steam, many of the nation’s malls and shopping centers are suffering a hangover due to changing consumer habits and the fallout from a massive building boom.
Mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real-estate research company Reis Inc. showed. In the top 80 U.S. markets, the average vacancy rate was 9.1%, up from 8.7%.
The outlook is especially bad for strip malls and other neighborhood shopping centers. Their vacancy rate is expected to top 11.1% later this year, up from 10.9%, Reis predicts. That would be the highest level since 1990.
Ebven the Conservative leaning Wall Street Journal is promoting the mythical Obama Boom! Empty malls are signs of an anemic economy. The growing inflation scourge is now reducing people’s purchasing powers. This emans the Malls will be full anytime soon, no matter how much the media spins it
Tags: Malls, Obama Boom, Wall Street Journal
