“Experts are predicting that up to 15% of US shopping malls are forecast to close over the next five years as online shopping continues to surge. The United States has over 1300 regional malls (over 450,000 square feet) and that could mean that up to 195 of them will shut down. ‘I think 200 are going out of business,’ said Gerry Mason, executive managing director at property group Savills. ‘We’re 15-20 per cent overbuilt. There are just too many stores.’”
