Amidst all the doom and gloom predictions for malls, there is a contrarian view. Once this pandemic burns itself out – and it surely will – the future for malls is exceptionally bright. The remaining good malls will get better and the best malls will get even better yet. In fact, Covid-19 is actually forcing innovation onto what has, until now, been a change-averse business model. Its time that Mall owners view their assets in a dynamic and forever changing format.
People will return to malls not to release pent-up demand for the consumer goods they sell. Online Retailers, and other e-commerce and essential retailers have filled that need throughout the mall closures. The pent-up demand that malls will fill after the pandemic will be giving people things to do besides shopping. That is what they will really crave.
This pandemic has pushed new digital habits onto even the last consumer adopters. However brick and mortar is critical to making ecommerce profitable. Large retailers such as Target and Walmart have figured out how to blend physical and digital to maximize profit. Shopping malls are well-positioned to become that centralized operating system for smaller retailers to leverage these operational and financial gains. Creating a flexible range of services, spaces, leases and more will help malls regain community relevance and become profitable.
Walltopia is a manufacturing company that started out in 1998 with the purpose of designing and manufacturing the most advanced climbing facilities in the world. Today we are not only the biggest manufacturer of climbing walls in the field of indoor climbing, but we also have the largest portfolio of classic and novel Active Entertainment attractions that combine fun with healthy doses of adrenaline for people of all ages. Our products include interactive climbing walls – Fun Walls, low and high Ropes Courses, artificial caving – Walltopia Caves, an aerial ride – the Rollglider, Ninja Courses and unharnessed attractions such as our Cloud Climb, Adventure Trails, Elevated Playgrounds and others. With sales offices in the USA, Canada, Germany, China, UAE, a Head office in Sofia, Bulgaria and four production plants employing more than 600 people, to this day, we have produced over 2000 projects in 78 countries and on 6 continents. Our products are installed across shopping malls, adventure parks, amusement parks, gyms, recreational areas, ski resorts, schools & universities, hotels and more.
Yardi is a leading provider of software solutions for the real estate industry. With offices in Singapore, Hong Kong, Shanghai and Tokyo, we’ve been supporting companies across Asia for over 18 years. Our solutions help clients manage their “end to end” investment, asset and property management functions more efficiently. By bringing process to real estate through a single, Cloud-based platform, our clients are connected to their data on any desktop, tablet or mobile device. They can access the information they need to run their business any time, any place, and know that the data they’re seeing is secure, real time and accurate. We support portfolios across all real estate verticals, including REITs, office, retail, logistics, coworking and residential.