What is a characteristic of larger, multiformat developments?

Larger, multiformat developments are characterized by their ability to integrate various types of shopping venues within a single location. This includes combining traditional shopping centers with lifestyle centers, outlet stores, entertainment complexes, and other retail formats. The primary aim of such developments is to create a diverse shopping experience that caters to a broad audience, allowing consumers to access multiple shopping options and services in one place. This mixed-use approach enhances customer convenience and encourages longer visits, as patrons can engage in shopping, dining, and leisure activities all within the same vicinity.

The focus of multiformat developments is not limited to online retail, local vendors, or solely pop-up shops, as these aspects do not fully capture the multifaceted nature of larger retail environments. Instead, the integration of various shopping formats ensures a comprehensive and engaging retail experience that attracts a wider range of customers.