In , there were approximately , shopping malls spread across the United States. Back in , there were only 30, shopping malls in the United States. A shopping mall or center is typically a covered area which contains shops and restaurants, as well as other retail establishments which people can walk between. Retail in the U.
Total retail sales in the United States were projected to amount to 6. Retail establishments come in many forms such as grocery stores, restaurants, bookstores, and shopping malls. There are around four million retail establishments in the United States. Do American consumers still shop at malls? While the United States is not home to the largest shopping mall in the world, it was the leading country for per capita shopping center retail sales.
Americans continue to shop at malls, instead of switching to online shopping, as malls are seen as a one-stop shopping experience where one can visit multiple retailers and make several purchases at one location.
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They are going to be with us. But the future for many other retailers is much less certain. Department store operator J. Penney is still trying to emerge from bankruptcy as a smaller business. Stage Stores could be forced to liquidate if it does not find a buyer. Affiliate links may be used in this post. I may receive a small commission at no extra cost to you if you use my affiliate link. Mall of America located in Bloomington, Minnesota is one of the largest and most visited shopping malls in the United States.
With stores, 50 restaurants and attractions including Nickelodeon Universe, the nation's largest indoor theme park, and the new American Girl store the options are unlimited in Mall of America. Website: www. A wide selection of international dining options are available at three food courts and in casual sit-down restaurants including Cheesecake Factory, Maggiano's Little Italy, Seasons 52, and Legal Sea Foods, and more. It is the largest mall on the west coast with sales of over 1.
Demand for logistics buildings is skyrocketing as e-commerce sales balloon. But the hurdles include the need to have properties rezoned, which could be met with pushback from local municipalities. Demand for various commercial real estate asset types is expected to shift noticeably because of the coronavirus pandemic , with more people now working from home, flocking to the suburbs for space and buying online things they used to browse for in stores. Industrial development, meantime, is expected to pick up 3.
The firm did find five markets where it said it would make the most sense to covert vacant retail space into warehouse space, based on where retail has been underperforming and where warehouse demand is hot. But shopping malls are likely going to be shuttering in suburbs all across the country, as store closures grow in number and landlords capitulate. The malls most at risk of going dark are classified as so-called B-, C- and D-rated malls, meaning they bring in fewer sales per square foot than an A mall.
There are roughly C- and D-rated malls in the U.
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