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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I’ve been to the middle east (Oman). So many malls there for basically that exact reason. And a friend of mine grew up in Bahrain and said the same.
Same thing in Thailand as well. Malls will never go extinct because they’re air conditioned areas that anyone can enter.
If they can afford the power bill for all of that A/C maybe.
If you cover everything in asphalt, yes, that’s what’s going to happen.