Find in the news:
BY COUNTRY

The pandemic has collapsed the value of major malls



According to a Green Street study, the value of leading malls in the U.S. is down 46% from 2016.
Natick Mall

Analytical company Green Street, which specializes in real estate, conducted a study of the top malls' cost, the so-called A-class. The survey covered about 250 of more than 1,000 U.S. shopping centers, which are the primary benchmark in the field of commercial real estate because they account for the bulk of the cost of all shopping centers.  

According to the report, on average, A-class malls bring in $750 in sales per square foot. Meanwhile, Class A++ malls bring in $1,100 in sales, Class B malls bring in about $425, and Class C malls bring in $250. 

Green Street estimates that Class A malls' value is down about 46% from 2016 when they peaked. It also notes that the stock of the nation's largest mall owner, Simon Property Group, has fallen more than 32% in the past 12 months. 

The main significant factor contributing to this trend is the weakening position of large department store chains. They traditionally been anchor tenants of shopping malls and attracted shoppers to retailers and visitors to restaurants. The situation in most extensive shopping malls has deteriorated significantly due to the pandemic due to decreased shoppers' flow and many significant tenants' departure. 

According to Green Street experts, the way out for A-class malls is to increase viability by adding to the area for retail space or other purposes, such as offices, warehouses, etc. Simultaneously, Class B and C malls often do not have this option, so their survival in the coming years is questionable.

More about shopping malls in North America



Sep 20, 2021, Japan:
The top floor of the world's most popular Japanese department store now has its cafe.
Sep 20, 2021, USA:
The owners of the American Dream decided not to wait until the luxury "Avenue" was at least half full.
Sep 17, 2021, USA:
The retailer is ready to invest in retail development in the U.S. market, which was hit by the crisis.
Sep 17, 2021, Spain:
Worldwide sales are recovering, both at retail and through online channels.
Sep 15, 2021, France:
The total area of the new retail space in the Madeleine area will be 724 square meters.
Sep 14, 2021, USA:
The 30-day subscription, which allows you to buy one taco a day, costs $5 and $10.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us