Outside Procuring Middle Gross sales Inch Nearer to Pre-Pandemic Ranges, Whereas Indoor Malls Have Higher High quality of Guests

Most Retailers Have Now Struck Agreements with Landlords on Back Rent

Outdoor shopping malls continue to be the preferred retail experience for consumers. By the end of August, consumer traffic in outdoor shopping malls had declined only 24.6% compared to pre-pandemic footpaths, according to the study by Placer.ai. This is a significant rebound from March and April when outdoor foot traffic decreased by nearly 100%. Indoor shopping malls haven't done that well. The same report shows that although Foo traffic in shopping malls has also improved significantly from March and April, it is still 37.2% below pre-pandemic levels.


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