Real Estate Quarterly: Rethinking Retail
Posted in News -
The rise in popularity of the outdoor shopping mall has been building consistently over the last decade or so, and the aftermath of the Covid-19 pandemic further solidified its position at the top.
As the world began to go out again, many were still cautious, opting for open spaces. Thus, outdoor shopping malls had the upper hand in recovering from the pandemic because people felt safer venturing out in the open air versus an indoor mall.
Outdoor retail has inherent appeal – especially with Los Angeles’ climate – which helps set up these centers for success, although it isn’t guaranteed.
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