in recent years, many small local shops have closed because customers travel to large shopping centres or malls to do their shopping. Is this a positive or a negative development?

Shutting down of smaller local shops due to the large influx corporate real

estate

malls has negatively affected the commodities market in the consumer shopping vertical.

This

essay will explore the negative elements of large shopping malls and the unfortunately diminishing footprint of small local retailers. We've had more than five decades of constant economic progression, while

this

may have affected world peace and improved quality of human life, the gap between the rich and the poor has never been as wide as it is today. One of the main reasons for

this

is the immense amount of wealth accumulated by large corporations that allows them to carpet bomb entire communities through so called commercial real

estate

development projects. These projects are aimed at unifying a number of local retailers spread out over multiple blocks into a densely packed, vertically built shopping

mall

. These malls usually are owned by a single or a small conglomeration of corporate companies, which goad local shops into acquiring rented spaces in their malls by giving out incentives like power backup, security, and lower rents.

However

, within the

first

five years, it is a trend that the rental rates start to

sky rocket

propels bright light high in the sky, or used to propel a lifesaving line or harpoon

skyrocket

, often exceeding 20-25% the local average. Another negative aspect in which shopping malls take away the local experience is that within the same

mall

, one can find multiple options of the same brand. While

this

maybe

Suggestion

may be

good for the customer, it pushes the local businesses to compete with each other with pencil thin margins, while the owners of the

mall

benefit from the ever increasing

operational

Suggestion

operating

costs. By securing these retailers on a security bond agreement, the promoters of the

mall ensure

Accept comma addition

mall, ensure

that the shops stay in a lock in period with constantly increasing rental and

utilities

Suggestion

utility

costs. In conclusion, it is rather obvious that shopping malls and similar commercial real

estate

ventures are a

by product

a secondary and sometimes unexpected consequence

byproduct

of corporate

cleptocracy

and

politicial

involving or characteristic of politics or parties or politicians

political

plutocracy. These buildings aim to monopolize local commodity trade causing inflated prices to the customer while compromising with smaller margins to the seller. In my opinion,

such

malls should be regulated by the government under a Build - Operate and Transfer model, where the real

estate

developer must hand over these commercial buildings to the tenants once they have recovered the building, operating costs and a profit.

This

will prevent them from exploiting local businessmen perpetually, and it will

also

probably, wash away one of the biggest negative aspects of shopping malls.