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Are shopping malls set to make way for distribution centres?
The surge in online shopping the Covid-19 pandemic has caused is putting tremendous pressure on the retail sector, further undermining the strength of the bricks-and-mortar channel.
Physical retail outlets do remain important, but the trend is away from large shopping malls towards smaller venues, often in urban neighbourhoods.
Together with the rise of e-commerce, these new retail outlets are ushering in smaller distribution centres in their wake.
Retail space keeps shrinking. According to CBRE, ...
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