Chicago

Both small operators and national players are giving way to more regional, mid-level groups.

Developers in the Detroit region seem more confident, and recently launched five new projects.

Some firms that specialize in the sector have responded by going back to new, class A properties.

Both the redevelopment of historic buildings and new construction is changing the city's CBD.

Vacancy rates have stopped falling, and rents have flatlined, but landlords are boosting concessions and adding amenities.

And with cheaper rents, along with new amenities, buildings in the east can better compete with the West Loop.

There will be winners and losers under the retailer's reorganization but many mall owners have made contingency plans for this very event, according to CBRE.

“This is more of a retail evolution than a retail apocalypse," says Anthony Campagni of the newly-formed A▪R▪C Real Estate Group.