US zombie malls offer scary insights for Australian investors
The plethora of half-alive 'zombie malls' stalking the US retail property market led to API columnist Damian Collins identifying three key lessons for Australian commercial property investors.
Long-term success in any industry calls for a willingness to evolve and change with the times, and retail should be at the forefront. (Image source: Shutterstock.com)
I recently had the opportunity to visit the United States for almost a month to get a feel for how the various commercial property sectors are faring in the US, and in turn gleaning acquisition strategy insights.
One sector I was especially interested in was retail (and specifically product retail), particularly as Forbes recently reported that over the past 40 years, malls in the US have been on a slow, steady decline.
Back in the 1980s, the U…
