Commercial Real Estate is getting rocked!!! Especially in the Suburbs.

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Brick-and-Mortar Stores Are Shuttering at a Record Pace

Years of overbuilding and the rise of online shopping have come to a head; malls as ‘energy suckers’
By Suzanne Kapner
April 21, 2017 7:53 p.m. ET
American retailers are closing stores at a record pace this year as they feel the fallout from decades of overbuilding and the rise of online shopping.
Just this past week, women’s apparel chain Bebe Stores Inc. said it would close its remaining 170 shops and sell only online, while teen retailer Rue21 Inc. announced plans to close about 400 of its 1,100 locations.
“There is no reason to believe that this will abate at any point in the foreseeable future,” said Mark Cohen, the director of retail studies for Columbia Business School and a former executive at Sears Canada Inc. and other department stores.

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