Jack Hsieh

Jack Hsieh explicitly states that "malls are alive and thriving," with over 270 million visitors to Macerich's portfolio last year and customers returning to Class A centers. Gen Z consumers are driving demand, and retailers are prioritizing high-traffic, high-income trade areas for both online and in-store sales, leading to new leasing activity and transformed anchor spaces. Positive outlook for retail real estate, particularly Class A malls, due to sustained consumer foot traffic, retailer demand, and experiential offerings, supporting long-term growth. Economic downturn or renewed consumer spending weakness could reduce mall traffic and retailer expansion.