>Question: what can be done with all that retail space? Is there a new use of space that will come up? If they can't attract traditional retail tenants, some d

>Question: what can be done with all that retail space? Is there a new use of space that will come up? If they can't attract traditional retail tenants, some dead-mall owners have resorted to transforming them into community event centers, offices, or even apartments.[1] I don't know about the profitability of apartments but the community centers do not make enough money relative to the expenses of property taxes and upkeep. The mall is still dying. The other option is for a new buyer to purchase the mall solely for the land value and demolish the buildings. Two malls in my area were demolished. One was replaced by a Wal-Mart supercenter with some adjacent strip malls sharing the same large parking lot. Another mall was razed and replaced by a Target store. The Wal-Mart and Target have drawn more shoppers than the dead malls they replaced. This is the free market telling us that the locations were commercially viable but the retail configuration (the indoor mall) was worthless. [1] https://gizmodo.com/7-dead-shopping-malls-that-found-surprising-second-live-1634073681 https://gizmodo.com/7-dead-shopping-malls-that-found-surpris...