The mall culture is deeply ingrained in Filipinos, pandemic or not. Especially in the new normal, as a managing of a real estate firm observed, more people are seeking a sense of normalcy + READ: BusinessWorldAt35 ForwardFaster
Despite the jarring shift in consumer behavior that peaked during government-imposed lockdowns, brick-and-mortar stores are expected to remain relevant to complement e-commerce and online shopping.
KMC data show that mall foot traffic has increased in 2022. While still far from pre-pandemic numbers, malls are starting to be filled with tenants again, registering a 3% improvement in terms of vacancy rate as of the second quarter of 2022. The trend for horizontal developers is to address all aspects of life in one community. Townships on the fringes of Metro Manila strive to create a self-contained community with all the amenities and facets of work, life, and play in the new normal.
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