> There's a reason the big NYC area malls are in Paramus and Elizabeth.
I think the reason is that malls are just out-of-fashion.
If we consider the SoHo area to be the equivalent of a mall, or the North Williamsburg/Greenpoint area to be a mall, I'd bet they dwarf the Paramus & Elizabeth malls in GMV sold and foot traffic.
At least according to this article in 2017 [1], it looks like that was because of SoHo's soaring rents (because there's tons of great shopping which brings a lot of people there). It was also common across the country at the time.
It's apparently back and better than ever though [2].
And anecdotally, everyone I know shops much more in SoHo than they did a decade ago, even if the center has shifted to Williamsburg/Greenpoint and more thrifting / vintage stores.
I think the reason is that malls are just out-of-fashion.
If we consider the SoHo area to be the equivalent of a mall, or the North Williamsburg/Greenpoint area to be a mall, I'd bet they dwarf the Paramus & Elizabeth malls in GMV sold and foot traffic.