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3. www.SVN.com
Economic
Updates
Provided by
○ Globe Street reporting of an analysis by
Placer.ai finds that visits to American malls
have started to decline as inflation eats into
consumers’ wallets, falling in August after
two consecutive years of increases.
○ Despite the declines, their shallow nature
presents a dose of optimism for brick-and-
mortar businesses in the face of recent
economic headwinds. According to the
Placer.ai report, all three segments of the
mall sector ended August more strongly
than they began, with indoor malls and
open-air centers posting their most
significant week-over- week gain since
June 27th . Moreover, Retail REIT Simon
Property Group recently reported strong
occupancy and leasing volume, showing a
26% year-over-year increase in sales per
square foot through the second quarter of
2022.
Mall Visits Fall Across US
25. Please visit www.svn.com for more
information on the properties
featured on today’s call and to view
all of SVN’s active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and your
advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
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