📊 The latest Shopping Center and Tenant Statistics
Analyzing the newly E X P A N D E D data from the Directory of Major Malls/ShoppingCenters.com exposed some fascinating trends in the shopping center retail landscape in North American:
Universe Overview:
– Shopping Centers: 16,959 across North America
– Retail Space: 4.39 billion square feet of GLA
– Store Count: 355,704 retail locations
🏪 Total of 355,704 retail establishments across US & Canada, with National chains dominating at 51.4% of the market
🔍 Regional Shopping Center Distribution:
🏪 Retail Chain Types across the 355,704 associated tenants are dominated by National Chains with more than half the overall number of tenants.
- National chains account for 51.4% of all establishments (182,731 locations)
- Independent retailers follow with 23.2% (82,398 locations)
- Regional chains represent 19.5% (69,371 locations)
- Local Regional chains make up 6% (21,204 locations)
🍽️ Tenant Mix Highlights:
- Food & Restaurants lead at 22.6%
- Services sector claims 14%
- Specialty stores represent 11.8%
🏬 Industry Leaders (Owner, REITs, Management Companies):
By Total Retail GLA*
- Simon Property Group dominates with 139,331K sq ft
- Kimco Realty Corporation and Brookfield Properties follow with ~117K sq ft each
By # of properties*
- Kimco Realty Corporation with 448 shopping centers
- Brixmor Property Group, Inc. with 206 shopping centers
*Figures are based on listings in the Directory of Major Malls/ ShoppingCenters.com dataset as of 12/8/2024
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