Find in the news:
BY COUNTRY

Malls Continue To Attract Medical Offices



Healthcare providers and medical offices continue to snap up plenty of space inside of enclosed shopping malls.
It’s no secret that the landscape of the US shopping mall has changed dramatically. Once chock full of every retailer you could imagine for as far as the eye can see, changes in consumer shopping habits have led plenty of those once viable retailers to fall by the wayside - and for others to either reinvent themselves or reexamine space requirements. 

That’s led to a conundrum for property owners and landlords looking to maximize occupancy. Experience-type destinations and restaurants continue to gobble up plenty of it, but there’s an underreported segment that’s presented itself as a very viable tenant option. As shared by Philly.com, medical offices continue to snap up plenty of space inside of enclosed malls - and it doesn’t sound like this trend will be slowing down anytime soon. 

Medical office

Garrick Brown, Cushman & Wakefield’s VP of retail research for the Americas, says the number of healthcare providers targeting retail space for expansion or relocations has increased dramatically. 

"But movement into malls is a new trend - one that no doubt will grow. The big question is if we may start to see entire health-care campuses moving into struggling malls. This has not happened in large numbers yet, but we do see this as a likely trend ahead," he said. 

The transition is actually pretty smooth in most cases. Quite simply, both parties in the medical office/shopping mall types of transactions like to move quickly, and that can lead to deals getting done in a hurry. 

"Health-care providers are looking for quick ramp-up space, thanks to the extra demand on their systems they have seen since the implementation of Obamacare. Urgent-care and triage centers particularly need a lot of space, and retail space fits the bill for many of them," Brown continued. 

Pennsylvania Real Estate Investment Trust has been ahead of the curve on this trend, as CEO Joe Coradino explains. 

"This was an opportunity we recognized a few years ago, and while we are selective in its deployment, we know there are synergies between health care and retail, where customers require convenience, access, and comfort," he said. 

Add it all up, and this trend fills a lot of needs. The new locations provide even more options for patients of the healthcare provider, and those patients just may be inclined to spend a little more time at the mall to get some shopping in after appointments, while landlords gain a stable tenant.

"For retail centers, adding health-care uses can offer a convenient new amenity for existing customers in an environment where we are looking to deliver unique offerings, and also bring new customers to our door that are pressed for time and looking to pack some errands in," Coradino continued. 

More about shopping malls in the USA



YESTERDAY, USA:
The largest U.S. retailer is putting more effort into gaining a stronger foothold in the fashion market.
DAY BEFORE YESTERDAY, Italy:
Diesel has announced a new phase of its For Responsible Living sustainability initiative, Diesel Library.
May 12, 2021, USA:
L Brands does not intend to sell its women's lingerie brand Victoria's Secret and separate it into a separate public company.
May 11, 2021, USA:
Charlie and Dixie D'Amelio will be the faces of a new clothing brand for teens called Social Tourist.
May 11, 2021, USA:
There is something of a state of euphoria in the actions of shoppers who have had the opportunity to return to shopping malls.
May 11, 2021, USA:
The primary demand of the protests, scheduled for May 19, is an increase in the minimum wage.
Friend
and Follow
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona


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