The issue is that consumer tastes have shifted away from enclosed malls nationwide. The industry is in free-fall; new enclosed malls are essentially not being built at all and properties are shuttering all over the country at a rapid clip. OKC is simply behind the curve on this, in part because of chronic slow growth in more modern shopping options. That’s changing though, and it will only spell bad news for traditional enclosed malls here.

The strong emergence of online buying has also been tough on malls.

Penn Square benefits from an incredible location, nearby housing density, excellent product mix (thanks to limited competitive upscale retail centers), and that property will chug along for a while yet, though if the Triangle ever takes shape as originally proposed I’d expect it to take some wind out of PSM’s sails.

Quail on the other hand is in trouble I expect. When Chisholm Creek is fully realized and other similar developments inevitably follow I think it will eventually follow Crossroads into the dustbin.