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Are Shopping Malls a Thing of the Past?
Manage episode 346145726 series 2982876
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With online shopping being the preferred way to get goods (hello, two-day shipping!), shopping malls have become a thing of the past. The question remains: what is the solution to the vacancy of shopping malls? Is there one?
Tim Bray (B.S. Real Estate & Urban Economics, UCONN) and Jon Nelson discuss the latest news of the Simon Property Group transferring ownership of the Cyrstal Mall in Waterford, CT, which has been part of the community for ages.
What are your thoughts on shopping malls closing? Are they still relevant? What changes are needed in order for them to be successful? Let us know, we'd love to hear!
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