history of malls

The modern concept of malls began in the early 20th century – so many physical shops at one spot along with other facilities. The world’s first shopping mall was built in Kansas City in 1922. It was an outdoor mall. However the world’s first indoor mall was introduced to the world in 1956 in Edina, Minnesota.

Nowadays it is not difficult to find a shopping mall, mainly in cities. Even in Pakistan, the trend of shopping malls is increasing dramatically. Big and modern cities like Islamabad and Lahore have countless malls. The good news for twin cities is that a wonderful addition is going to happen there in the form of Nexus mall. It is something that will surely set a bar for others.

The mall is going to be the second tallest building of Punjab and the tallest in Bahria town. It is a building that not only brings so much fun and entertainment for the visitors but makes a huge contribution to the Pakistan economy.

How many might say that what is the need of shopping malls when an online shopping facility is available. Without a doubt, online shopping is appealing but it causes a lot of health issues like anxiety, depression and other problems. Physical shopping is fun and has several other benefits. Read the article till the end to understand how shopping malls make a difference in society.

Get rid of stress and depression:

These days there are so many things that cause stress. It is something that makes the life of a person miserable. Now the effortless way to get rid of stress is by visiting the shopping mall. Enjoy the buzzing around along with your favourite music. Moreover, the study says that when people feel stressed, they often go out shopping. Now, isn’t it better if a person is able to do multiple activities at a time along with shopping?

A perfect way to stay fit:

The temperature inside the mall stays stable all the time. So, it doesn’t matter if it’s scorching summer or teeth-chattering winters, you can get out of the home without making an excuse. The shopping malls are huge and have enough space for everyone. You can wander here and there easily, even if you don’t need to buy anything. You can use stairs to go up or down instead of the escalator. Moreover, modern shopping malls have a gym too. All a person has to do is get a membership.   

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Enjoy a great time with the family:

Malls are not the place where you can have fun with friends only. It is a perfect place to visit with your family. It allows you to spend quality time with the family that helps strengthen the bond.

One-stop-shop:

As mentioned before, malls have everything under one roof. If you don’t want to buy anything, it’s not an issue. Sit in a food court and enjoy your favourite meal. The children can spend quality time in a play area.

Play a vital role in boosting the economy:

The shopping malls are huge i.e. Nexus mall is not only the tallest building but stretches over 13 Kanal area and has hundreds of shops inside, along with five-star hotels and so on. Now it is not possible for 1 person or few able to manage the whole building.

The retail stores required trained staff who can guide and convince customers to buy their products. To ensure the mall looks neat and tidy, the staff is required all the time and the list goes on. Additionally, the ambience of the shopping mall is very soothing that people buy stuff even if they plan not to.

Why should a person invest in shopping malls? 

  • Surprise to many, leasing a commercial property i.e. retail outlets is not as difficult as many think. The government provides a lot of flexibility to the respected investors that is a plus point.
  • Without a doubt there are risks when making an investment and ignoring them completely is a wrong move. But a person can avoid such risks if the strategy is fine and a person knows everything prior. The risks are low when it comes to shopping malls because you are not the only stakeholder of the property unlike when a person buys a home. 
  • According to the latest trends, it is confirmed that shopping malls trend is not going to die any time soon. The shopping mall’s economic importance is also increasing day by day. These days people don’t like to walk in different markets to shop. They prefer malls, as it is a one-stop-shop. 
  • If you are planning to move into a new niche, investing in a shopping mall is the best option. Not only will you get a continuous side income but the portfolio remains on track too.
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