Holidays Bring No Savior As Retail Centers Empty

Not even the Christmas season is expected to turn things around for struggling retailers, which are dropping like leaves and littering vacancies in shopping centers across the country.

1 minute read

November 28, 2008, 7:00 AM PST

By Nate Berg

"After the eatery closed five months ago, the 7,500- square-foot space remained vacant. With no tenants stepping forward and fewer customers clogging the parking lot, the plaza is quiet, with a curiously dark core."

"It's a scene repeated in various forms throughout the region, as the economic crash that started rolling through single-family housing more than a year ago begins to hit shopping centers, turning what had been a residential phenomenon into one that threatens commercial real estate as well."

"Business is so bad that an increasing number of retailers are calling it quits -- without waiting to see whether money can be made as the Christmas season gets underway."

FULL STORY: Shopping malls are running on empty

Monday, November 24, 2008 in Los Angeles Times

Community / Economic Development United States Retail Shopping Malls

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