I think that depends. Malls that make an aggressive effort to lure upscale tenants will continue to do well. The Gallerias, Mills Malls, etc. have a unique offering of stores that sets them apart from strip centers and open air centers.

At the present time, I'd have to say Penn Square is the only mall in the city headed in the right direction. Crossroads has already fallen, and Quail Springs will if they don't aggressively seek unique tenants.

I don't think you'll see too many new malls built in years to come, and you'll see many under producing malls converted to other uses, but the strong malls in their respective markets will continue to thrive.