It's no secret that the popularity of online shopping has traditional brick and mortar retailers completely rethinking their target markets. Since millennials comprise such a large portion of the buying public, owners of malls and shopping centers owners have had to adjust in order to survive. It might seem simple enough, but they must give consumers more than one reason to visit.
A recent globest.com report highlighted how traditional shopping centers exclusively were retail centers that included large department stores, a food court, and smaller novelty stores. So if you did not have a reason to shop, there would be nothing to do while there. When more people started shopping away from the mall, scores of stores failed, leaving the mall with empty spaces that became eyesores.
Posted on Real Estate Transactions