Consumer Habits Evolve, But Spending Is Rising

Faith Hope Consolo, chairman of the retail group at Prudential Douglas Elliman Real Estate (New York City), advises shopping center owners to think outside the box when looking for prospective tenants.
"Trophy properties have no trouble staying leased," she says. "The A+ malls have a long waiting list. Other properties have to target different types of tenants to create a destination that will serve the varied needs of its shoppers."