Friday, December 8, 2023

The Mid-Cities Mall is Manitowoc Wisconsin is dead and buried

Photos by Retiring Guy taken in Manitowoc WI
HeadlineThe Hustle, 12/7/2023
We’ve been reading headlines about the death of the shopping mall for the better part of the last decade. 
But here we are in late 2023, and the malls are still standing. So what gives?

From Mall Closure Statistics. (6/23/2023)
  • The number of malls declined 16.7% per year from 2017 to 2022. 
  • 2 million square feet of mall space was demolished in 2022. 
  • The nationwide mall vacancy rate is 107% higher than the overall average retail vacancy rate.

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