Find in the news:
BY COUNTRY

The number of malls in the U.S. will decline to 200 in 10-15 years



Another tricky year for malls.
Shopping mall - Depositphotos

Despite recovering the classic mall market in the U.S. in 2022, experts expect the number of shopping centers to shrink further in the long term. Nick Egelanian, president of retail development company SiteWorks, believes what's happening in the mall market is "a continuation of the last phase of a 40-year decline." As a result of the irreversible process in 10 to 15 years, there will presumably be at most 150 to 200 of the highest-performing specialty shopping centers left in the country.

As of today, there are 116,000 shopping centers in the country. At the same time, the number of vast and iconic objects has decreased from 2,500 in the 80s of last century to 700 at present. Analysts say that traditional malls continue to become a thing of the past while compact shopping facilities in convenient locations are replacing them.

In 2021, despite the next wave of bankruptcies in retail and the rapid growth of e-commerce, malls have survived. Mall owners continued to attract large loans that defy logic. In 2023, the market's success will be largely determined by the economic situation. Many predict a recession, which will inevitably pull the malls to the bottom.

Anyway, in the future, in 10-15 years, it is expected that the operating indicators of the malls will constantly decrease. As a result, most facilities will be repurposed into more modern and sustainable formats.

More about shopping malls in the USA



YESTERDAY, France:
The brand is set to open a flagship store in the Parisian district of Le Marais.
May 24, 2024, USA:
Stüssy is preparing to launch the new archive store in Brooklyn, New York, for one month.
May 23, 2024:
Located on Broadwick Street in Soho, London.
May 22, 2024, USA:
Luxury fashion house Balenciaga inaugurated its first standalone store in Chicago, Illinois.
May 21, 2024, France:
Some fashion brands are opting to hold their showroom presentations in Milan this season due to logistical challenges posed by the Olympics.
May 20, 2024:
The collection follows the recent launch of Zara's 'Timelesz' line and represents another step in enhancing its kids' division.
Friend
and Follow
Mall of Georgia GLA:1 786 000 SF
ADDRESS: 3333 Buford Dr, Buford, GA 30519-4913
USA . Buford
Mall of Georgia
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
Westfield Garden State Plaza GLA:2 118 718 SF
ADDRESS: 1 Garden State Plaza, Paramus, NJ 07652


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