2020 Case Studies on Repurposing Vacant Retail Malls National Association of REALTORS® Research Group 1 CASE STUDIES ON REPURPOSING VACANT RETAIL MALLS May 2020 Commercial Real Estate Research Advisory Board Soozi Jones Walker, CCIM, GRI, SIOR (NV), Chair Dawn Aspaas (SD), Vice Chair Barry G. Blanton, CPM (WA) John F. Brocker, PSAT (KS) Alvin Collins, CRB, CRS,GRI (TX) Beth Cristina, ALC (LA) G.G. Galloway (FL) Karen Johnson (FL) Keith Kelley, ABR (AL) Susan J. Martin-Phipps, CPIS, GRI, EPRO, SFR (RI) Jacklyn Perry, CCIM (AR) Heather M Placer, CCIM (VA) Matthew Ritchie, CCIM (LA) Renee M. Savage, CCIM, CPA (CA) Michael R. Schoonover, ALC, SFR (WA), Chair 2020 Commercial Committee Charles William Shanks, CRB, GRI, MRP (FL) Timothy Veler, CCIM (TX) David Weisel, CRE (MD) NAR Research Group Lawrence Yun, PhD Chief Economist & Senior Vice President for Research Gay Cororaton Senior Economist & Director of Housing and Commercial Research Brandon Hardin Research Economist Meredith Dunn Research Communications Manager Anna Schnerre Research Assistant ©2020 National Association of REALTORS® All Rights Reserved. May not be reprinted in whole or in part without permission of the National Association of REALTORS®. For question about this report or reprint information, contact
[email protected]. Cover Photo Credit: Pesce Huang (Unsplash) Download report at: https://www.nar.realtor/research-and-statistics/research-reports/commercial-research 2 Disclaimer This project is intended to provide information and insights to industry practitioners and does not constitute advice or recommendation for a business undertaking. While every effort is made to ensure the accuracy and reliability of the information contained in this report, NAR does not guarantee and is not responsible for the accuracy, completeness or reliability of the information sourced from secondary sources that are cited in this report.