▲ 125 ▼ What would you like to see done with abandoned malls and corporate offices? (lemm.ee) submitted 2 years ago by ALostInquirer@lemm.ee to c/asklemmy@lemmy.world 77 comments fedilink hide all child comments
[–] jonne@infosec.pub 40 points 2 years ago* (2 children) So they could essentially make the mall business model work by not charging ridiculous rents? Maybe it's just greed that killed malls to begin with. permalink fedilink source parent hideshow 4 child comments replies: [–] yolobrolofosholo@lemmy.world 22 points 2 years ago Haha, that's kinda what I was thinking, they turned the mall into a.. Mall permalink fedilink source parent [–] bl4ckblooc@lemmy.world 19 points 2 years ago (1 child) I mean, greed is what is killing our society. But specifically about malls; I was a manager at a big department store inside a mall for a couples years. The year before COVID, the mall switched to a new renting model that was ridiculous. I can’t remember the exact details, but the price per square foot went up substantially for smaller stores. Later that year I remember having to do rounds of the mall to report to corporate how many stores were closing. permalink fedilink source parent hideshow 2 child comments replies: [–] jonne@infosec.pub 13 points 2 years ago* (last edited 2 years ago) Probably got bought by a private equity firm trying to squeeze the last bits of profit out of it before offloading it to some sucker. I'm sure that one year they jacked up rent looked really good on paper until those shops had taken the time to figure out their next move. permalink fedilink source parent
[–] yolobrolofosholo@lemmy.world 22 points 2 years ago Haha, that's kinda what I was thinking, they turned the mall into a.. Mall permalink fedilink source parent
[–] bl4ckblooc@lemmy.world 19 points 2 years ago (1 child) I mean, greed is what is killing our society. But specifically about malls; I was a manager at a big department store inside a mall for a couples years. The year before COVID, the mall switched to a new renting model that was ridiculous. I can’t remember the exact details, but the price per square foot went up substantially for smaller stores. Later that year I remember having to do rounds of the mall to report to corporate how many stores were closing. permalink fedilink source parent hideshow 2 child comments replies: [–] jonne@infosec.pub 13 points 2 years ago* (last edited 2 years ago) Probably got bought by a private equity firm trying to squeeze the last bits of profit out of it before offloading it to some sucker. I'm sure that one year they jacked up rent looked really good on paper until those shops had taken the time to figure out their next move. permalink fedilink source parent
[–] jonne@infosec.pub 13 points 2 years ago* (last edited 2 years ago) Probably got bought by a private equity firm trying to squeeze the last bits of profit out of it before offloading it to some sucker. I'm sure that one year they jacked up rent looked really good on paper until those shops had taken the time to figure out their next move. permalink fedilink source parent