The Economics (and Nostalgia) of Dead Malls

The Economics (and Nostalgia) of Dead Malls.

I’ve done remodels/updates on a few malls over the years. It used to be that as one or more shops would close up shop and move on, other shops or businesses would take their place to fill the void. Not so much anymore.

Part of it may be because of the high cost of floor space. Retailers are finding that they can buy or lease space in strip malls or stand alone properties cheaper than they can in inclosed malls.

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2 thoughts on “The Economics (and Nostalgia) of Dead Malls

    • The Net only accounts for >10% of all retail sales. “Strip malls” and stand alone buildings are where businesses are going. The cost of energy to cool/heat a million plus square feet of retail space is staggering, ergo the high cost of space per sq/ft in one of these behemoths.

      Thanks for visiting.

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