Malls Can Benefit From Shift to Mixed-Use, and Developers Are Catching On

In recent years, a number of major U.S. mall owners have touted a strategy of pursuing mixed-use development to offset declining store revenue. Many mall owners have added residential units, office space or hotels to bolster the performance of their properties. One mall owner in suburban Washington, D.C., even announced a deal to add subgrade self-storage space to gain a new source of non-retail revenue.