The Atlanta Journal-Constitution – Atlanta brick-and-mortar stores weather Amazon storm

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.

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