https://qz.com/1032723/theres-much-more ... ita-level/The size of the issue becomes clear when comparing the square footage of retail space available for lease, both used and unused, per person in the US to other countries. In 2015—the most recent year with comparable data available—the US had about 23.6 sq ft of retail space per person available, according to estimates from PwC. As the Financial Times reported (paywall), that’s more than twice the amount in Australia, and roughly five times that of the UK and other European countries.
frmrCapCadet wrote:The widespread closing of malls is only exacerbated by on line shopping. We had simply too much retail space. This even exists on the smallest scale. Codes require retail space on the ground floors of cities and major bus lines. Way too much, they are either filled with short lived struggling businesses or simply left empty. Next to our semi-high rise condo a 12 year old never used retail space is finally being re-invented as long term hotel space.
ltbewr wrote:One area not noted enough has been the flat and declining incomes of middle class persons who were the main visitors to and shoppers at malls. That is compounded by debt (in particular student loan and mortgages), higher housing and medical care costs, spending on computers, smartphones and their service contracts, costly home internet, phone and TV services.
I also think that over time we dress more casually in our workplaces and in general, there are fewer changes or cycles in clothing styles, so less need to shop for clothing and shoes, the bulk of in stores in malls.
Many have shifted their clothing purchases to 'big box' stores like TJ Maxx which seem to be much better at watching trends and buying product.
TSS wrote:The observation deck would be too low to see past the end of the huge parking lots...stl07 wrote:A mall thread not made by archguy?
There's no history, or even "history", in malls nor do any that I'm aware of offer observation decks.
TSS wrote:Lots of malls all across the USA, many relatively new, are closed and for sale.
These guys explore abandoned buildings, malls among them- https://www.youtube.com/user/TheProperPeople
ltbewr wrote:Many have shifted their clothing purchases to 'big box' stores like TJ Maxx which seem to be much better at watching trends and buying product.
SanDiegoLover wrote:The US compared to other western countries overbuilt retailing structures. We have about 30% overcapacity in retailing square footage by comparison.
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