Sentences with phrase «mall sales per square foot»

Not exact matches

According to a January tally by Green Street Advisors, only 40 % of Macy's stores are in «strong» malls as measured by sales per square foot; the other 60 % are in the sorts of uninviting shopping centers where foot traffic is dwindling and department stores can feel especially vacant and gloomy.

Retail REITs that own and operate malls with low average sales per square foot, below $ 400, are experiencing the most pronounced credit risk.

In 2014, Simon spun off most of its so - called B - and C - malls — those with lower sales per square foot — into a new REIT, called Washington Prime Group.

Along with a handful of other mall operators, including General Growth Properties (GGP), Taubman Centers, and Macerich, Simon dominates the so - called A-malls, those with the highest sales per square foot.

A report by Green Street Advisors in 2016 found that average sales for 220 malls with Apple Stores came to $ 710 per square foot, compared with $ 630 per square foot for malls without Apple Stores.

Weatherproofing the outdoors is a tough, but necessary, assignment because lifestyle centers, which ICSC says average $ 400 sales in sales per square foot versus $ 330 for regional malls, are here to stay.

The three B - class malls, which bring in sales per square feet in the $ 247 - $ 352 range, include Richmond, Calif.'s Hilltop Mall, Gaitherburg, Md.'s Lakeforest Mall and Glen Burnie, Md.'s Marley Station.

These A-class malls report sales per square foot in the $ 384 - $ 473 range.

Anchors at the malls range from JCPenney to Sears and Mervyn's and average mall store sales range between $ 290 and $ 331 per square foot for the three malls.

For example, a retail store in the center in Greenwich, Conn., should expect to earn $ 600 — $ 800 in sales per square foot, Kaplan says, but the average mall retailer does just under $ 200 a square foot.

At National, lease rates average a fairly standard $ 120 per sq. ft. Sales per square foot can run as high as $ 900 for large stores — higher than a mall average — but gross volumes in the smaller airport stores tend to mirror mall store performances.

Honolulu's Ala Moana mall is already known as one of the most profitable shopping centers in the United States, with annual sales per square foot exceeding $ 1,000.

The mall assets of Rodamco North America generate industry - leading sales of more than $ 450 per square foot and are 93 % occupied.

Sales per square foot for the REIT's mall division rose 4.5 percent to $ 489, and sales per square foot for its outlet division jumped 8.6 percent, to $Sales per square foot for the REIT's mall division rose 4.5 percent to $ 489, and sales per square foot for its outlet division jumped 8.6 percent, to $sales per square foot for its outlet division jumped 8.6 percent, to $ 492.

Reis attributes the higher rents and lower vacancies to the country's top - tier malls that attract the most traffic, with stores that rack up the highest sales per square foot.

«It owns approximately 48 million square feet of real estate, of which nearly a quarter is located in class A malls that on average do north of $ 650 per square foot in sales, and additionally it owns 3.5 million square feet of well - located industrial assets.»

Rolling 12 month comparable sales per square foot for mall stores less than 10,000 square feet in regional malls and all owned gross leasable area in Premium Outlets.

The properties are so - called Class B malls, as opposed to Class A, which differ based on the sales per square foot the specialty store tenants generate.

The Class A retail real estate market has also improved since last year as evidenced by higher tenant sales per square foot, the increased availability of lower - cost debt, and lower cap rates for Class A mall properties.

Most of the regional mall REITs reported increases in tenant sales per square foot in the third quarter compared to a year ago, ranging from 2.6 percent all the way to 13.2 percent (for Taubman).

Nationally, regional malls» annual sales per square foot have risen from a recession - fueled dip to an all - time high, according to figures from the International Council of Shopping Centers, a trade group.

Last year, average sales per square foot at outlet malls was $ 532.