National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Malls Remain a Draw in 2024
Four years after the pandemic put most of the shopping public on lockdown, shopping malls are still going strong. And while malls have faced challenges in recent years, as e-commerce and pandemic-induced store closures led to shifts in consumer habits, “the outlook is brightening,” Placer.ai says in a new white paper. “Malls have embraced innovation, incorporating enhanced entertainment, dining, and experiential offerings that attract a diverse range of visitors and redefine their purpose.
Titled Meet You at the Mall: Malls’ Summer Draw, the white paper takes a look at recent location intelligence metrics to gain an understanding of the changes taking place at malls across the country – including both indoor malls and open-air shopping centers.
The report explores questions including: Why do malls experience foot traffic bumps during the summer months? How much of an impact do movie theaters have on mall visits, and what can mall operators learn from the Mall of America and American Dream malls’ focus on experiential entertainment?
- ◦Economy
