The number of shopping malls likely will shrink dramatically in the next few years, and the real estate they occupy is expected to take on new characteristics as consumer buying trends evolve.
“We’re at the beginning of what is a massive shift in commercial real estate from retail to industrial,” said Rachel Elias Wein, founder and CEO of WeinPlus, a St. Petersburg-based strategy and management consulting firm focused on retail, consumer and real estate sectors.
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