Retail experts have long sounded the alarm on malls in the US.
But malls are not going extinct, they are merely adapting to a new environment. In fact, many have reported robust occupancy levels and bigger crowds than before the pandemic, according to a recent market analysis from Coresight Research.
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And there was several metro areas that have faced economic decline in the last 30 years that have contributed to some malls going out of business as well. This happened because people did not have the money to spend nor an increasing population to cater to a large mall.