The term 'strip mall' has become so associated with the drudgery of suburban life that some industry pros have stopped using it altogether, but replacing the actual properties has proven far more difficult.
There are more than 68,000 strip or convenience centers in the United States, plus another 42,000 similar centers typically anchored by grocery stores or discount stores. Many of them were built in the 1950s, '60s and '70s, during rapid suburban expansion and rapidly increasing car usage.
The whole idea was convenience — in, out and on your way. No parallel parking, no parking garage. Just up the driveway and pull into a spot. Landlords like Combined Properties, which owns 28 centers around the Washington area, sometimes signed leases for 50 years or longer with no option to terminate should the company want to do something else with the property.
https://www.washingtonpost.com/news/digger/wp/2016/05/16/in-some-towns-the-strip-malls-cant-die-fast-enough/
Strip malls are dying, their future will be churches or indoor parks areas, laser tag, or better yet new formula 1 test tracks for the Autobahns of the world. Amazon is just crushing retail and will continue to do so, as smart phones are the gateway to Amazon.
You would have to be an idiot to invest in strip malls these days.
Quote from: mtraininjax on May 18, 2016, 10:30:18 AM
Strip malls are dying, their future will be churches or indoor parks areas, laser tag, or better yet new formula 1 test tracks for the Autobahns of the world. Amazon is just crushing retail and will continue to do so, as smart phones are the gateway to Amazon.
You would have to be an idiot to invest in strip malls these days.
Screw indoor parks - they should tear them down, plough the land and turn them into actual parks!