I watch a lot of Dead Mall videos on YouTube and I wanted to see what everyone’s thoughts are on why there’s so many dead malls now.
I watch a lot of Dead Mall videos on YouTube and I wanted to see what everyone’s thoughts are on why there’s so many dead malls now.
What killed the mall:
It was an experiment on the 3rd place (read up on it) and it failed at that.
Big box retailers wanted big, huge, gigantic stores. So they left malls to open them.
Being surrounded by parking structures doesn’t look appealing.
High rent for mall space.
Amazon.
*Other entertainment options are much better now with streaming tv, video games, etc.
also a big thing was the rapid openings of malls in the 80s and 90s. honestly they opened too many of them then just kind of limped along as it was too hard to close and Sears kinda funded them till their death.
Big box retailers want to own the property they’re on. Most of the time they own the property any other shops are in even in their lot. Big box has a huge realty presence. They out malled the malls in this regard.