The future of U.S. shopping malls is evolving as developers pivot from traditional retail to dining experiences. With department stores declining and online shopping rising, mall numbers have dropped significantly. However, many Gen Z consumers still value in-person shopping, leading to a resurgence in mall visits. Developers are transforming vacant spaces into housing and allocating more areas for restaurants. Malls now prioritize “contemporary casual” dining options over fast-food chains, with eateries like Din Tai Fung and food halls gaining popularity. Chains like The Cheesecake Factory continue to thrive, indicating that restaurants are vital for attracting foot traffic to malls.
