Part of it is the outrageous rents that they can charge in the most upscale malls, and part of it is the overbuilding of malls.
Biggest reason is the population movement across urban areas. Once a mall becomes known as crime ridden it can fall very fast, no matter how many police patrols they have.
Our little mall in tiny town Texas cant keep tenants, so we run gun shows in there now.
Mmmmm Pizza and guns...
Spot on. There are only three malls left in the Columbus area that haven’t degenerated into ghetto holes.
“Shopping malls are under tremendous pressure and are dying out in many cities.
Part of it is the outrageous rents that they can charge in the most upscale malls, and part of it is the overbuilding of malls.”
Not to mention the covered format for acres of card and candle shops is dead. Who wants to walk past miles of card and candle shops, and who needs that many cards and candles, anyway? Not me. I have no need for cards, and a couple of plain Jane candles for emergencies seem to last for decades.
The big box stores actually carry stuff many people need, you know, like Lowes, BestBuy, and a gazillion others.
Along the front range of Colorado, they’ve torn down most of the covered malls and have replaced them with complexes of big box stores that you drive between and park in front of. And it had nothing to do with crime. It’s an issue of time, merchandise, and price.