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Would You Live Over a Shopping Mall?
All else being equal, I might consider it
I have been reading that shopping malls are dying and that one possible solution is renting general business space rather than retail stores. That’s already happening and it is a good idea.
What about apartments and condominiums? Would you live in such an environment?
Assuming it met my other needs, I think I would. There would be a number of advantages.
Easy Shopping and Maybe Cheaper Rent?
Retail stores located in the same space might be willing to subsidize rents because of the built-in customer base. Heating could come from solar panels.
The mall itself might be able to transition some of its parking lot to business use because of the on-premise customers. In the best case, the excess parking could convert to green space, parks and woodlands.
If there were a grocery store in the mall, it would get a strong percentage of my business. A gym? Why would I travel elsewhere? The same for clothing…
