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The transformation of malls from mere retail spaces to comprehensive lifestyle destinations is essential to meet shifting consumer preferences. Strategies emphasize creating a diverse mix of retail, entertainment, medical, and tech services, thus enhancing customer experience and sustainability. 🛍 The future of malls means they serve as multifunctional platforms that offer memorable experiences, brand interactions, and are well-integrated with urban life, ensuring their continued relevance in the digital age. 💡 All the above were discussed by Mohammad Iqbal Alawi, Chairman of the Board of Azad Properties, Shane Eldstrom, CEO of United Developers, Eng. Faisal Al Nasser, CEO of Alandalus Property, Turki Bin Zarah, Co-Founder & Managing Director at Tamara and Ben Chesser, CEO & Founder of Coniq in the session "The Mall: How to Transform" during the #rlcmena24. Read more at the post-event report: https://lnkd.in/d3a4ydaV #rlc10 #retail #mall

This summer, malls were back in the spotlight, drawing crowds and redefining their role in the retail landscape. 🛍️ Here’s what we found: 👇 → Summer Surge: Malls experienced larger visit boosts this summer compared to 2019 and 2023, with indoor malls seeing a 3.7% YoY increase and open-air shopping centers at 2.8%. → The Power of Entertainment: Malls with movie theaters saw an even greater boost, as visits during the summer months increased significantly, showcasing the impact of blockbuster releases on foot traffic. → Wider Reach: Both indoor malls and open-air shopping centers attracted more visitors from over 30 miles away, with indoor malls drawing 18.2% of visitors from this distance—a notable increase from earlier in the year. → Event Attraction: Mega-malls like Mall of America saw a 13.8% YoY increase in visits, demonstrating how attractions – like the mall's Olympic-themed events – can transform them into must-visit destinations. For a deeper dive into the trends shaping mall visitation this summer, check out our latest placer research report linked in the comments below! #RetailTrends #ConsumerBehavior #MallVisitation

#What Are Consumers Looking for in Shopping Malls Today? As consumer interests shift from solely shopping to seeking experiences, malls need to understand what draws people to their spaces in the first place. Consumers now seek social, interactive experiences that can’t be replicated online. Malls are responding by offering unique attractions, such as local art installations, pop-up exhibitions, live music, and interactive events. These elements transform malls into vibrant destinations where people can connect and engage in ways that go beyond traditional shopping. By positioning themselves as cultural and social hubs, malls appeal to a broader audience looking for memorable outings. #Shopping #Malls #Culture #Economy #SouthAvenueMall

When mobile signals go weak, we boost them to their peak! In every setting: - office buildings - sports centers - event venues - hospitals - shopping centers - parking lots - hotels - retail locations - ... One address: www.multiboost.eu #connectivity #mobilesignal #repeater #indoorconnectivity

The new world we found ourselves in post-pandemic is marked by significant cultural transformation, evolving lifestyles, and a desire for unique experiences. Consumers now seek retail destinations that serve as social meeting places. This has led to a growing demand for retail developments that provide a comprehensive offering of food, shopping, daily needs, and entertainment all in one location. By 2028, indoor amusement center stock is expected to reach ~11 mn sq ft. Larger retail developments and malls are expected to accommodate more expansive and innovative centers. Further, standalone indoor amusement parks that offer a variety of entertainment concepts under one roof are expected to become increasingly popular in the coming years. Swipe through to learn more about the future of retail experiences. Source: JLL #RetailTrends #RetailDevelopment #RetailInnovation #FutureOfRetail #EntertainmentSpaces #Strata

🔥 "Retailtainment" is the hottest new trend in commercial real estate. 🔥 From immersive showrooms to themed environments, retail stores are changing in 2024 to keep up with the rise of online shopping—and it's working. 📈 And Fort Wayne is seeing its fair share of retailtainment scattered throughout the city. National stores like Trader Joe's and DICK'S Sporting Goods "gamify" their spaces with hide-and-seek games and gear or equipment testing. 🏌️ But there are also more local retailtainment ventures, like The Fairfield, a new development that will be a multi-faceted entertainment hub, including Pinhouse Social, Urban Golf, and The Fairfield Wedding & Events. 👰 Another Fort Wayne retailtainment example is Sweetwater Sound, whose headquarters houses a coffee shop, a game area, a salon, and much more alongside their music retail store. 🎶 And Ducky's will be a restaurant and duckpin bowling venue at one of the newest downtown Fort Wayne developments, Surack Enterprises' The Pearl. Other local places like Swizzle, Round Table Games & Curt's Cafe, and DeBrand Fine Chocolates have games and enhanced shopping experiences. Retailtainment has just begun, so learn about these local retailtainment ventures and more by reading our newest blog! 👇👇 https://lnkd.in/gJ_tcEez #sturgespropertygroup #commercialrealestate #retail #retailtainment #fortwayne

Recent discussions have delved deeply into the intriguing question: How much does it cost to build a stadium? The answer to this query is multifaceted, as modern sports stadiums emerge as intricate structures with significant cost variations. While the conventional measure of cost per seat is often used, its interpretation can be deceiving without a thorough grasp of the underlying factors influencing expenses. In today's landscape, stadiums are not merely venues for sports events; they have transformed into multifunctional hubs generating revenue from diverse sources beyond traditional sports fixtures. This evolution is driven by a concerted effort to enhance the spectator experience and maximize revenue streams. Crucial factors such as crowd capacity and the intricacies of tiered seating play pivotal roles in both the design and financial aspects of stadium construction. Crowd capacity, for instance, extends beyond mere seating numbers; it dictates the overall size of the stadium and influences critical considerations such as layout efficiency, concourse dimensions, the integration of amenities, ingress points, and comprehensive safety measures. Meanwhile, the incorporation of tiered seating is essential for ensuring unobstructed views for spectators, albeit at the expense of additional structural requirements and associated costs. Furthermore, the success and long-term sustainability of modern stadiums heavily rely on the incorporation of ancillary facilities that generate secondary revenue streams. These amenities, encompassing hospitality suites, conference spaces, retail outlets, and more, not only enhance the overall visitor experience but also enable stadiums to realize their full potential by accommodating a diverse range of events throughout the week. However, while these additional facilities are indispensable for maximizing revenue and fostering community engagement, they invariably contribute to the overall cost of stadium construction. In essence, the true cost of building a stadium although reflected in the mere sum of construction cost per seat, encompasses a comprehensive understanding of the complex interplay between design choices, revenue generation strategies, and the multifaceted needs of both spectators and stakeholders. #stadia #stadiadesign #sports #thoughtsofanarchitect

🏟️ Transforming Stadium Spaces: The Future of Fan Experiences 🏟️ Stadiums are evolving beyond traditional sports venues into dynamic spaces that offer unforgettable fan experiences. This article explores how innovative design and cutting-edge technology are redefining stadium environments to enhance engagement, comfort, and sustainability. Discover how these advancements are elevating stadium spaces to meet the demands of modern audiences and create versatile venues that cater to diverse events. What innovations do you think will shape the future of stadiums? Let us know in the comments! #StadiumDesign #FanExperience #Innovation #IMSConsulting

Looking beyond the obvious! Our cities & public spaces can coexist with retail in such fruitful ways. I specially liked this article on how stadium adjacent retail experience can thrive whether it's game night or not. Every city has few iconic and key zones such as event venues, concert halls, museums, monuments, galleries etc... they don't necessarily have to be bipolar in nature with days of vibrancy to those that are depressingly isolated.... strategically developed retail and F&B in these vicinities can activate the city - event or no event days .... https://lnkd.in/giYYdVWz

🌟 Discover the Magic of Destination Malls! 🌟 In today’s fast-paced world, Shopping Malls are evolving beyond retail hubs into immersive destinations. Destination Malls are redefining customer experiences by blending shopping, entertainment, dining, and unique attractions into one vibrant space. From hosting large-scale events to offering diverse leisure options, these malls are becoming community hotspots that attract visitors from near and far. Explore our latest report to uncover insights into how destination malls are shaping the future of retail and creating unforgettable experiences for all! 📖 Read the full report to learn more. #DestinationMalls #RetailInnovation #ShoppingReimagined #MallTrends #BeyondShopping #RetailExcellence #ExperientialShopping #FutureOfRetail #UrbanDestinations #MallCulture #IndianMalls #Mall #ShoppingMall #Retail #Trends #NewConcept #mustbeBSF #report #research