Reis in the News
By Matt Kempner
Source: The Atlanta Journal-Constitution – Atlanta brick-and-mortar stores weather Amazon storm
Atlanta shoppers who ventured out this holiday season might have noticed something: The imminent death of brick-and-mortar retail is greatly exaggerated.
Toys R Us is gone. Sears is wheezing for survival. Many chains have scaled back stores as consumers buy more online. Some former shopping magnets are struggling: Chilly, partially vacant Gwinnett Place mall in Duluth went days without power this month in several of its remaining shops.
Indoor malls — particularly lower-tier ones — already have been hit hard. Nationally, mall vacancy rates are the highest since late 2011, according to Reis, a real estate research firm. And occupancy rates at U.S. strip shopping centers have slipped after some post-recession gains.