No need for new shopping centers in 15 years

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Growing e-commerce has attracted interest in shopping malls to cool. Stock Photography.images: Lars Pehrson / SvD / TT

It seems difficult to motivate a new shopping center when more and more people choose to shop online. The number of planned shopping centers and trading venues in Sweden has decreased by 12% over last year, reports Dagens industri.

Since the highest bid in 2017, trading projects have fallen from 2.6 to 1.9 million square meters, according to a new survey by the Swedish Shopping Center Directory (SSCD). It is the lowest listing since the SSCD began mapping the trading projects.

According to a future forecast by HUI Research, there is no need for new storage areas for the next 15 years, writes Di.

The analyst sees growth for the retail trade at just under 8 percent by 2032 as measured by fixed prices. Market share of physical trade is expected to decline from 90 percent to 70 percent over the same period.

– E-commerce has taken the stick as the retailer's growth engine and it is clear that the physical buying party is over, says Monica Bruvik, a senior analyst at HUI Research.

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