The Mall Revival: A Sort of Evolution, Not a Rebirth The news that mall values have climbed 13% over the past year, despite the closure of nearly 200 malls since 2008, might seem like a contradictory trend.
However, it's not about malls adapting to changing consumer habits; instead, they're redefining what it means to be a mall.
For decades, American malls were built on a flawed model: they relied heavily on department stores as anchors, dictating which businesses could coexist within their walls.