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Mall divergence to persist as luxury boosts top-tier assets

While we have been talking up the prospects for retail, malls remain the underperforming subsector in our forecasts. But that covers a wide range of likely performance. Indeed, as luxury retailers expand to class A malls while anchors shutter stores in poorer performing lower-class malls, we expect the divergence in performance among the best and worst regional and super regional malls to persist.

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