Fool.com
As shopping malls around the country are putting up more vacancy signs,
mall operators are quick to point out that not everyone is going down
with the ship. "Class A" malls are purported to be the industry's sole
bright spot, malls where foot traffic is relatively steady, justifying
higher-than-average rents thanks to lower vacancies and higher-end
tenants.
But as with any label, definitions vary. Mall owners
eager to differentiate themselves from a sea of dead or dying malls are
throwing around the Class A label as if it were a cut-and-dried
adjective, not a subjective measure of a mall's position in the
marketplace.. . . more
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