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Mall Landlords Look to Charter Schools to Fill Vacant Space

Time for a field trip to the food court.

The coronavirus pandemic pushed malls — already struggling to survive a “retail apocalypse” — to the breaking point. But the children, specifically schoolchildren, might be the future, as more malls begin hosting public charter schools in need of more space.

Dozens of charter and public schools have leased space in shopping centers in cramped cities or where land is scarce, the Wall Street Journal reported. Landlords are honing in on the 7,500 charter schools in the United States, which tend to spend about 10 percent of their revenue on rent and offer slightly more stability than retailers.

Commercial Observer

Photo by Krisztina Papp on Unsplash

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