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Experts predict a revaluation of shopping centers



Turning a shopping center devastated by a pandemic into a warehouse may reduce its value by 90%.
Shopping mall

Reduced visitor traffic and the closure of many retailers have put the survival of many shopping centers in question. Several hundred of the approximately 1,100 U.S. shopping malls are expected to close in the next few years.

One way to solve this problem would be to change shopping malls' concept. They will eventually be converted into e-commerce hubs, warehouses, educational centers, medical facilities, or even residential complexes.

However, according to an analysis by the British financial conglomerate Barclays, such reorganizations will eventually lead to a massive property value decrease. The company predicts that between 15% and 17% of shopping centers in the U.S. will need to be renovated for other purposes in the long term. As a result of this process, real estate values will fall by 60% to 90%.

Shopping centers were in a vulnerable position during the pandemic. The flow of buyers into the shopping mall decreases by about 10% when an anchor tenant closes. As a result, other retailers are also gradually starting to leave or close. The vacancy of more than 20% puts the existence of the entire shopping center in question. As a result, the malls will be in mass order either close or entirely change their concept.

More about shopping malls in the USA



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
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