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So what I can't figure out is if the new outdoor malls are just a fad, or if they represent a different shift in retail planning that will stick around for a lo
by seanalltogether 12y ago
So what I can't figure out is if the new outdoor malls are just a fad, or if they represent a different shift in retail planning that will stick around for a long time. I will admit that I like the outdoor ones that have multiple avenues built in for wandering around, and it feels like the shops are more substantial then mall stores.
The article mentions that when an anchor leaves a raditional mall, the disease spreads, are outdoor malls immune to this effect?
- frankydp 12y agoThe industry will be moving from the lifestyle format to the outlet format almost exclusively over the next 20 years. The C malls referred to in the article are just that, C malls. Malls that may have been B malls in the past but have depreciated to a point where scrape and rebuild or relo are the only options. There are currently about 50 new malls/outlets on the books for this year and next with another 50 on the following 2 years nation wide.
- dragonwriter 12y agoOutdoor shopping centers and multiple seller under one roof centers have both been in use for millenia, neither is exactly a passing fad. But I think large enclosed malls have greater construction, maintenance, and operating expenses, so if people aren't willing to pay a premium for the experience they provide, they won't thrive.