The Tell: Pandemic could force 30-35% of U.S. shopping malls to close permanently, warns Morgan Stanley

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Roughly a third of America’s 1,167 shopping centers could shut forever as property owners grapple wth further rent declines and skyrocketing e-commerce as a result of the COVID-19 pandemic.

Roughly a third of America’s 1,167 shopping centers could shut forever as property owners grapple wth further rent declines and skyrocketing e-commerce as a result of the COVID-19 pandemic.