Orlando Commercial Real Estate

Mall owner leased more space in 2021 than it did in the previous five years

If malls are dying, why are so many new tenants taking space in them?

PREIT, an owner of regional and super-regional malls in the eastern half of the United States, reported that it had executed transactions for 1.2 million sq. ft. of space in 2021. That’s its highest leasing total of GLA in five years and nearly three times as much as it leased in 2019, according to an assessment from the Philadelphia-based company.

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