The rapid growth of online shopping and a glut of retail space mean more shopping malls will be vulnerable in the future, even some that appear viable today.
The post-WWII emergence of low-cost high-performance automobiles combined with an enormous build-out of highways enabled the era of mega malls to co-locate hundreds of stores in millions of square feet of space making shopping more convenient and for many, more social and fun.
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That's added some 27 million square feet of shopping space to cities like Beijing and Guangzhou in China and Kuala Lumpur in Malaysia.
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On average, more than 90% of the space in Jakarta's shopping centers is occupied.
With 1.5m square metres of floor space, including two helipads, a giant shopping mall and a prayer area said to cater for 30, 000 worshippers, Abraj al-Bait is substantially bigger than America's two biggest buildings, the Pentagon and the Palazzo Hotel in Las Vegas, put together.
Plans to refurbish part of a shopping centre in Surrey and create additional retail space have been refused by Guildford Borough Council.
In many cases, REIT earnings exceeded Wall Street's expectations, with owners of high-end shopping malls and self-storage space posting the largest gains.
So too is the lack of space in India's jam-packed city centres, which means shopping malls grow tall and thin, limiting scope for giant multiplexes.
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"It's about adult play, making a space different to other shops and offering things like art and music as part of the shopping experience, " says Staton.
In continuing their purchases of adjacent vendors in the security space Sophos is executing on the one-stop shopping model that relies on brand and channel to succeed.
Kistler Aerospace and Space Access, two of Lockheed's rivals, are also developing reusable spacecraft and are shopping around for launch sites.
The unexpected popularity of online shopping in China is seen as continuing to drive demand for storage space from online retailers, analysts said.
At real scale, though, this will give information on the movement of millions of products worldwide, and shopping behavior associated with people, time, and space in whole new ways.
On Friday, the private-equity giant on Friday acquired Colonie Center, an Albany shopping mall with about 113 stores and 1.3 million square feet of space.
Those figures include sales from duty- and tax-free stores in three other airports in the country and the duty-free shopping complex in the middle of Bangkok being constructed as a complement to the new airport space (where, without an impending flight or carry-on baggage, shoppers can spend more relaxed time buying duty-free goods, which King Power will have waiting for them at check-in).
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