An increase in globalization, e-commerce, and health considerations have shifted consumer behaviors. Shopping online offers a wider selection of goods and a convenient experience. Less overhead allows online retailers to offer products at reduced prices. Many malls that struggled to operate eventually became revitalized and turned into fulfillment centers by Amazon, the entity that brought about their decline.
These locations make good candidates for mixed-use developments consisting of gyms, hotels, creative and collaborative office spaces, education facilities, medical suites, and entertainment venues. Developers want to create synergistic, mixed-use spaces that bring malls back to the center of the community, with a focus on walkability, open-air spaces, and a mix of retail and entertainment spaces that lead to higher foot traffic.
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