Sentences with phrase «sales per square foot»

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

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.

Recently reporting that sales per square foot increased 5.3 % to a record $ 376, Pennsylvania Real Estate Investment Trust (NYSE: PEI) could be a good starting pick.

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).

As of September 30, 2010, the centers were 94.7 % occupied with average base rents of $ 24.52 per square foot, and they generated sales per square foot of $ 406.

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.

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.

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.

Apple's retail stores — which recently celebrated their tenth anniversary — have become some of the most successful retail ventures in recent history, bringing in several thousands of dollars in sales per square foot — by far the best record in the industry.

The company is coming off a banner 2014: funds from operations (FFO), a key metric in real estate, rose to a record $ 8.90 per share, while retailer sales per square foot in the last 12 months reached $ 619 per square foot, their highest ever.

This is consistent with the sales per square foot of $ 600.

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.

Its portfolio stands 92.5 percent occupied, it posted $ 437 in sales per square foot and its same - store sales were 3.5 percent higher than last year.

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 $ 492.

NOI from Chicago - based General Growth's consolidated properties grew 3.3 percent during the quarter and sales per square foot climbed 2.2 percent, to $ 458 from $ 448 in the same period last year.

«The software takes the property management data that owners and managers are tracking today, ties it to space plans, and re-formats it either as a color - coded floor plan — for example, by sales per square foot, rentable area calculations, or lease expiration dates — or as business graphics.»

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.

CVS has become more of an all - encompassing healthcare company and Walgreens has chosen to remain a retailer and maximize its sales per square foot.»

«I view the trend as moving to all leased real estate instead of owned, as it has been proven that retailers see a 25 % to 30 % increase in revenue and generating more sales per square foot in freestanding stores as opposed to in - line.

Simon Property Group is also doing well, with a 3.7 percent increase in same store NOI and a 5.6 percent increase in sales per square foot to $ 487.

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.

The result is a column that generates sales per square foot,» he says.

While Tanger properties» average sales per square foot are $ 300 and its occupancy rate is 96 percent, Charter Oak's properties produce sales per square foot of $ 280, with 93 percent occupancy.

General Growth's same store NOI for the first quarter of 2007 was only 0.5 percent compared to 8.5 percent in the first quarter of 2006, due to lease termination fees carried over from last year, but its occupancy rate, at 92.9 percent, was 1.8 percent higher during the same period last year and its sales per square foot increased more than 3 percent since the first quarter of 2006 to $ 458.

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.

The power centers» sales per square foot were not available, but each rents at market - ranging between $ 9 per square foot and $ 15 per square foot.

With North American department - store sales per square foot dropping to $ 165 last year, from $ 200 in 2006, it's become more clear that the U.S. and Canada would be better off with 800 fewer department stores, according to research from Green Street Advisors.

This means airport shops often generate more sales per square foot than comparable establishments located elsewhere.

The six properties have an average occupancy rate of 90 percent, and average sales per square foot of $ 328.

Experts guessed the high - quality portfolio, with annual sales per square foot averaging $ 375, would fetch a sub-6 percent cap rate.

The result: Retailers can generate more sales per square foot in less space causing store formats to shrink.

The additional square footage is diluting the sales per square foot and the performance of every retailer,» says Greene.

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

He simply reminds skeptics that 25 million people pass through the Water Tower, which generates $ 700 of retail sales per square foot, every year.

Its $ 900 - plus in sales per square foot figures are second only to the $ 1,400 that Simon is pulling down a few doors away at the Forum Shops at Caesars Palace.

And the REIT's sales per square foot averaged $ 425.

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.

Retailers have to consider the cost of the freezer, as well as how much space they can devote to the category and the sales per square foot it can potentially achieve versus other categories.

The company's ability to continue to drive higher sales per square foot through its unique merchandising, new promotions like the rewards card, and the introduction of impulse items combined with an improving housing market should drive outperformance versus other retailers.

The Filing Persons look forward to working with the Issuer on operating initiatives such as increasing sales per square foot to peer levels, improving the Issuer's operating leverage and optimizing the number of new store openings.

There are key numbers to watch in this business, things like return on investment (ROI), sales per department and / or sales per square foot, profit and loss statements (and what it takes to make more profits than losses), sales histories and trends per category and per title, etc..

Apple generates more sales per square foot than any U.S. retailer, and by a substantial margin.

However, despite dedicating less CAPEX to opening Nordstrom Rack stores, Nordstrom Rack store sales per square foot have historically been higher than Nordstrom Full - line sales per square feet.

What's more, according to Blumenthal, the 600 square foot showroom boasts sales per square foot on par with Tiffany's.

Sales per square foot are $ 604, a slight drop from a year ago but a full 27 % higher than the industry average of $ 474, according to the International Council of Shopping Centers (ICSC), the industry's trade organization.

That's why so much of the floorplan, labor and customer interaction tended to be centered around the cash register and metrics like sales per square foot and average transaction size were used to measure success.

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.

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.

The 2.4 - million - square - foot center generates about $ 1,000 in annual retail sales per square foot, according to real estate research firm Green Street Advisors — more than twice the national average for shopping centers.

Too much excess retail space has led to a drop in retail sales per square foot in the US.