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Originally Posted by miketoronto
You guys are really grasping at straws to try and paint some malls as dead, which they are not.
Agincourt Mall is far from dead, despite a couple empty store fronts. It mainly is a community hub, where people go for food shopping, Walmart, and the food court, and some smaller retailers.
Just because a mall is not full of international chain stores, does not mean it is dead.
Little community malls such as Agincourt Mall, were never large regional destination malls. And why would they, when large malls are only blocks away, which is where one goes for major shopping.
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When I think of a "dead mall", I think of a former regional or super-regional mall that collapsed. Those malls I don't think were ever A-class or even B-class destinations.
That said, I think we are entering an era of fewer and fewer regional-level malls. In the GTA, there are about 20 now, excluding specialized malls such as Pacific Mall? I could see at least 10 to 12 of them disappearing in the next 10-15 years. Having 1,000,000 square feet of mostly empty space would not be efficient for community mall space (an ideal size for them is about 150,000 to 300,000 square feet, including smaller anchors such as a grocery store).
I'd be curious to see a ranking of the malls in terms of productivity per square foot. I figure that the Eaton Centre and Yorkdale would be 1-2, but I wonder what some of the low-rated ones are.