Mall Landlords Searching for Tenants

The local mall has long been a key destination for consumer entertainment — especially when it included shopping, dining and watching movies. But the current economic downturn has led numerous anchor-​type retailers to close their doors and leave giant empty spaces behind. In some cases, mall owners are looking at vacancy rates of over 7%.

New York Times writer Stephanie Rosenbloom recently highlighted the kinds of businesses that are finding new homes in the local and regional malls. One standout includes wave-​making machines. The ambiance of local malls will surely change as landlords seek out tenants. Examples of other businesses that have started appearing in malls include:

  • Churches
  • Dance and fitness centers
  • Medical offices
  • Community colleges

Chances are your local mall owner could benefit from a fresh campaign designed to attract a whole kind of tenant. And once the tenants move in, they’ll need to market their new location to consumers as well.

[Source: Rosenbloom, Stephanie. Malls Test Experimental Waters to Fill Vacancies, New York Times. 4.5.09]
Kathy Crosett
Kathy is the Vice President of Research for SalesFuel. She holds a Masters in Business Administration from the University of Vermont and oversees a staff of researchers, writers and content providers for SalesFuel. Previously, she was co-​owner of several small businesses in the health care services sector.