As more and more retail malls pop up all throughout the city, many are decidedly foregoing the traditional enclosed building with more open, pedestrian-friendly spaces. Studies have shown that retail malls that integrate open spaces are better for customer health and relaxation-, as well as for boosting the local economy.
A Relaxing Change of Pace
More and more cities across the world are redesigning their commercial spaces into “city centres” – mixed-use commercial and residential areas with expansive public places along with open-air restaurants and retail shops, creating relaxed, slower paced shopping and dining experiences.
The effect has been positive for shoppers and pedestrian alike, with surveys showing an increase in a sense of community, as well as an increase in friendly attitudes towards each other.
Nature Always Helps
The University of California in Berkeley recently conducted a study that shows that people who go through walkways with nature have increased memory, attention spans as well as physical and mental energy.
Retail spaces that integrate nature and open spaces to its floor plan, like the Paya Lebar Commercial Hub, can provide customers and pedestrians a healthy, green and commercially diverse experience, as opposed to traditional shopping malls.
Good for You, Good for the Economy
Aside from the benefits to overall wellness, Pedestrian-friendly commercial centres also impact the economy in a positive manner. Because pedestrian-friendly malls have low automobile density, commuting costs become much cheaper, as well as reducing automobile-dependent land use, which also lowers taxes.
Walkable communities are also attractive to potential homeowners, which translate to higher housing values. Such communities likewise attract more tourists to the area. Pedestrian-friendly malls are poised to capture the emerging “Lifestyle Retail” market, as well, where young and trendy people gravitate towards spaces that promote active lifestyles.
Moreover, walkable communities are becoming major business relocation alternatives, as more industries see automobile-dependent places in an economic gridlock due to high volumes of traffic.
Walkable, pedestrian-friendly places are beneficial to customers, the environment and the economy, making them viable investment options for the future.