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, USA:
The complex will have a total of 250,000 sq. feet and an IKEA store area of 70,000 sq. feet.
YESTERDAY, China:
Located in Chengdu, the capital of the Sichuan Province.
DAY BEFORE YESTERDAY, Spain:
So far, only online.
DAY BEFORE YESTERDAY, France:
The division will work with Bottega Veneta, Balenciaga and Alexander McQueen.
Feb 3, 2023, Japan:
The shopping space called Issey Miyake Ginza / 442 is located on Gasuto Street.
Feb 3, 2023, USA:
Apple's net income fell 13.4 percent to $30 billion in the fourth quarter of 2022.
Friend
and Follow
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark


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