Malls are the new offices

Developers are converting mall spaces into offices to generate stable revenues and foot traffic for the remaining stores. One example is the Los Angeles Westside Pavilion mall, which is being repurposed into a $410 million Google complex. As brick-and-mortar retailers evolve to address changing consumer demands, more office spaces in malls could help alleviate the “retail apocalypse,” which has already claimed almost 6,000 stores this year alone.