Shopping Malls Enter Historic Decline

In the mid-1990s, developers constructed shopping malls across the United States at a rate of about 140 per year. By 2001, a study found that underperforming and vacant properties, known as "greyfields" and "dead malls," had become a growing problem. In 2007, developers built no new malls in the country for the first time in 50 years.

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