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Optimizing Vacant Mall Space: Turning Dead SQM into High-Yield Edutainment Centers

Long PhamMay 30, 20265 min read
Optimizing Vacant Mall Space: Turning Dead SQM into High-Yield Edutainment Centers

Shopping malls and real estate developers in Southeast Asia are struggling to fill vacant spaces. Traditional retail tenants are shrinking. To drive foot traffic back, malls need experience-driven destinations that e-commerce cannot replace.

The Experience-Driven Business Model

Instead of launching standard ball pits, developers are shifting toward a higher margin model: large-scale Edutainment Centers combining physical fitness and digital technology.

Moov Park Flagship (Size L) and Standard (Size M) models are perfect fits for retail commercial real estate:

  • Consistent Traffic: Equipped with labs (AI, Drone, Coding) and physical Parkour structures, centers generate recurring subscription revenues via 30-day cards instead of just relying on weekend walk-ins.
  • Attractive Payback Periods: Optimized CapEx utilizing modern pre-fab modular structures yields payback within 10 to 14 months, while maintaining strong EBITDA margins of 45% - 55%.
  • Smart Operations with Moov OS: The entire center runs on specialized management software (edutainment center SaaS), letting developers monitor multiple sites and track revenue in real-time without having to be physically present.

Participating in the active edutainment licensing market in Southeast Asia is the ultimate answer to increasing commercial property valuations today.