Mall Properties Collapse – Chilling Truth of Economy
Malls collapsing cannot be a good sign and it isn’t looking good for the many distressed commercial properties that dot metro areas. It also gives clues to the overall health of the consumer’s buying will power, that seems to be on hold at the moment. These malls have been suffering well before the markets collapsed, victims of less consumer spending as people saved as much as they could when the financial market collapse became apparent. Most of these malls close due to huge debts, accumulated from previous years as their owners buffered their properties hoping the economy was going to get better, it didn’t and there was nothing else they could do more that close shop.