An article collected about the decline in shopping malls...
"The last time a new indoor shopping mall opened in the US was back in 2006; vacancy rates have doubled in the past 5 years and many are being reinvented as exhibition spaces and community centres"
"Malls in the US were hammered first by the GFC, then by the boom in online retail. But it's thought the decline is also due to something more substantial: a switch back to community-based shopping, as people become turned off by giant buildings and vast parking stations that are divorced from their surrounding"
"Ironically, the man who created the American mall back in the '50s - architect Victor Gruen - saw them as a way of converting suburban shopping centres into family-friendly pedestrian zones" Greg Callaghan.
Microshopping...an alternative to the current retail paradigm ...
Large retail centres in the USA and Australia are declining whilst rising in China, India and Dubai. In Australia, some developers are seeking a new way of designing retail centres.
“Having smaller community shopping centres and less shops than would traditionally would have had, provides a defence mechanism to the fact that a lot of retail formats that we’re seeing today probably won’t exist in five or 10 years’ time” Michael Quinn, Stockland
http://www.abc.net.au/lateline/business/items/201108/s3290623.htm
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