The Outsized Role Simon Property Group May Play in the ‘Retail Reset’

The real estate advisory firm RCLCO just released its mid-year 2020 real estate projections, which includes opinions of hundreds of high-level real estate executives. And to no one’s surprise, they stated that “the retail sector was mostly seen in full decline in June.” Further, they stated that there was a wide variation between the secondary regional malls, which are hurting, and the healthier “fortress malls” and grocery anchored community/neighborhood centers. They also suggested that the “fortress malls” will be at or close to the bottom, a year from now.