Businessglobal-economy
Last call for the mall? How shopping centres are reinventing themselves
Medium-sized shopping centres across the UK are facing an existential crisis as online shopping and changing consumer habits render the traditional retail model obsolete. Many once-thriving hubs are now struggling with high vacancy rates and shuttered storefronts. To survive, these spaces are increasingly looking toward redevelopment. Projects are shifting away from pure retail to incorporate mixed-use spaces, including residential housing, healthcare facilities, and specialized science hubs, marking a significant transformation in urban planning.