13 ‘Ghost Malls’ from Around the World
Reprinted from National Real Estate Investor
Why do malls die? Sometimes it’s due to outmoded business models. Other times, it’s caused by economic downturn or extreme changes in demographics or fashions. Or grandiose ideas of development that can’t possibly be realized. Or bad urban planning. Or even, say some critics, because American culture is, if not dying, then at least evolving dramatically.
Whatever the reason, malls in many parts of America and throughout the world, are being left empty and decaying, and whether they are eventually demolished or left to rot until the last beam falls, abandoned malls are haunting, romantic places that once teemed with retail commerce, family life and teenage intrigue, all happening at once amidst the trappings of popular culture.
