Find in the news:
BY COUNTRY

Experts expect the closure of 25% of malls in the U.S.



Coresight Research estimates that about 25% of the 1000 U.S. shopping centers operating today will be closed within the next three to five years.
Shopping mall

According to analysts, the coronavirus pandemic has "rocked" the process that is already underway in the United States. Many malls in the U.S. have long ago brought low profits and were considered unviable. But in the ordinary course of business, they could have existed for about a decade, and the current situation forces the owners to reconsider their policy completely.

Thus, recently, the Texas company CBL & Associates, which owns several breakdowns (including many low-profit ones), announced plans to file for bankruptcy. More significant owners also have many problems, always facing millions of dollars in debt from tenants, including many cinemas and amusement parks, badly affected by the pandemic. Not surprisingly, against the backdrop of all these events, there are predictions that many shopping centers across the country will be closing soon.

But what will happen to those closed shopping centers? Earlier, there was a report that Simon Property Group, the largest U.S. mall owner, is in talks with Amazon to convert some of Sears and JC Penney's closed department stores into ordering processing centers. This news has allowed many industry analysts to speculate on the future of former malls as logistics centers. There is also speculation about the possibility of transforming malls into office centers, churches, medical facilities, and even residential complexes.

Many agree that turning old retail spaces into new warehouses would be more than a logical solution, although, in practice, it may not be accessible at all. The demand for logistics infrastructure is snowballing, primarily due to the rapid development of e-commerce. But the problem is that transforming a building originally designed for stores and entertainment into a warehouse can be quite a difficult task. And the warehouse tax is less than that of the shopping center, which means that local municipalities will hinder such conversion.

According to Moody's Analytics REIS, after COVID-19 in the U.S., a 15.6% reduction in apartment development is expected to occur in the next two years. The volume of offices being constructed will fall by 10%, and retail real estate - by 15.7%. At the same time, interest in commercial real estate is expected to increase by 3.6%.

More about shopping malls in the USA



TODAY, Taiwan:
Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
TODAY, Israel:
In Israel, a national quarantine begins to operate again from September 18, 2020.
TODAY, Sweden:
Shoppers will select goods from different stores in the mall on one website and then pick them up conveniently.
YESTERDAY, Spain:
The outlet begins its countdown and fires the starting signal during the "Digital Lighting" event.
YESTERDAY, China:
Maison Martell officially opened L'Atelier Martell Shenzhen - a luxury boutique where you can taste and buy exclusive varieties of cognac.
YESTERDAY, USA:
The new retail store layout is expected to be very convenient for quickly and safely receiving online orders.
Friend
and Follow
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us