Commerce + Communities Today
By Beth Mattson-Teig
Lifestyle centers are riding a wave of momentum that shows no signs of slowing.
According to Placer.ai, U.S. open-air lifestyle centers are outperforming their peers when it comes to attracting more traffic. Year-over-year traffic at such centers increased by 2.5% in June, compared with a gain of 2% at outlet malls and a decline of 1% at indoor malls. Then in July, open-air lifestyle centers gained 1% year over year while malls declined 2.8% and outlet centers 3.3%.
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