.... of the 7.5 billion square feet of retail real estate in the U.S., only 1.2 billion is currently occupied by stores that are considered high quality, ...
...Mathrani said today’s ideal mall includes one department store, a supermarket, an Apple store, a Tesla store, and businesses that started out online, such as Warby Parker. Clothing stores, which used to take up about 70 percent of the average shopping center, now represent closer to 50 percent, he said. Meanwhile, food is roughly 15 percent, up from around 6 percent.
“Food is the new fashion, and fitness is the new food,”
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