30% of Malls Will Shut Down During the Next Recession, Real Estate Expert Says

As e-commerce has boomed in recent years, traditional retailers have taken a hit: Last month the New York Times reported that 89,000 Americans employed in general merchandise stores had lost their jobs since October. And when the next recession inevitably hits, things are going to get even worse for retailers.

Christopher Leinberger, chair of George Washington University's Center for Real Estate and Urban Analysis, tells NPR that the next recession will likely cause 30% of malls to shutter.