Which brings us to the latest report from Credit Suisse, according to which a staggering 20-25% of the 1,100 US shopping malls - between 220 and 275 shopping centers - will shut down within the next five year, resulting in a shockwave within the US retail and mall REIT sector, and slamming everything from equities to CMBS.
The Swiss bank cited mass store closings, the rise of e-commerce, and the growing popularity of off-price chains, which tend to be located outside shopping malls, among the reasons for the potential mall closings .... http://www.zerohedge.com
