What is a Dead Mall?

Dead mall or greyfield refers to a shopping mall with a high vacancy rate, lack of transportation connections and low pedestrian flow. Outdated decoration or value decline of the mall can also be referred to as Dead mall.

Dead mall

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Dead mall or greyfield refers to a shopping mall with a high vacancy rate, lack of transportation connections and low pedestrian flow. Outdated decoration or value decline of the mall can also be referred to as Dead mall.

There are quite a few malls in the United States that are almost "dead" without major merchant support (usually large department stores) or successor that could serve as an entry into the mall. Except for the related access, some small stores are therefore difficult to operate; without the pedestrian traffic inside that a department store generates, sales volumes plummet for the stores, the rental income of the merchants can no longer allow the mall to perform maintenance and repairs.

In fact, there are some examples. The reason why a shopping mall begins to decline is mainly due to the impact of social and economic decline. In addition, there are some larger new shopping malls nearby, which will also attract tenants to relocate to new places to do business. Structural changes in the department store industry will also make it difficult for malls to survive. For example, several large international companies have continuously acquired several small and medium-sized regional companies, and some companies (Montgomery Ward and Woolworth's) have closed down. Therefore, there is not enough space in some areas for traditional department stores to develop there. some"

Hong Kong

Tsim Sha Tsui Famous Shop City (1998 to 2002) Kowloon City Plaza (1998 to 2006) Kwun Tong Kwun Tong Ferry Plaza