Research on Development Pattern of Underground Shopping Malls in China

Abstract

China’s underground shopping mall has gradually transformed from one with a very high degree of government intervention into a more market-oriented  system. The underground shopping malls in China have undergone rapid evolution, development and growth. To investigate the performance of underground shopping centers in China, some underground shopping centers are successful while a lot of them failed in term of average rental income and rental occupancy rates. Researching on development pattern of underground shopping malls in China, this study reveals that lack of effective planning and a transparent approval mechanism has led to irrational development patterns. The development patterns of underground shopping malls in China are not sustainable.

Key words: Development pattern; Sustainable; Underground shopping malls; China