Malls & Big Box Retail Centers Transformation
For years, malls and big box shopping centers have been the mainstream choice when it comes to retail shopping. In the last few years, malls have somewhat fallen out of favor and some big box retail centers have closed and relocated to more popular areas with more growth. That in turn creates a lot of vacancy in these big commercial buildings.
Companies are now taking advantage of these vacant buildings and repurposing them. Now with the internet, shopping has slowly switched from the brick and mortar shopping experience to more on-line shopping. And now with the COVID-19 virus, on-line shopping has increased even more.
These situations have created a transformation where the vacant malls and big box centers are being transformed and repurposed into large distribution centers and industrial warehouses. Companies like Amazon are using these properties for their regional fulfillment centers. Companies like Fed-X are using the buildings for distribution centers and warehousing.
This trend has been going on for a few years now. But with the popularity of the internet and the change COVID-19 is creating throughout the world, it is predicted that it will increase in popularity drastically in the near future.