The companies holding the largest market share in the Shopping Mall Management industry are Simon Property Group Inc. The industry is responsible for the employment of over 44,292 people.Įxperts project that the industry will grow at a 0.2 percent annual rate between 20. The Shopping Mall Management industry is indeed a growing sector of the economy of the United States of America and it generates a over $23 billion annually from more than 8,326 shopping malls management companies. Furthermore, retail vacancy rates dwindled as mall foot traffic steadily grew due to boost in disposable income and consumer spending During a five-year period, the price of commercial real estate, benchmarked by the Green Street Commercial Property Price Index, grew at an estimated annualized rate of 5.8 percent. Industry revenue primarily fluctuates in line with rental rates and occupancy levels. For industry operators, rental income generates the largest portion of industry revenue with income from property management fees following. The Shopping Mall Management industry consists of companies that develop, lease, maintain, repair and secure large commercial property in exchange for rental payments from retailers and businesses.

It is on record that in 2017, shopping malls accounted for 8 percent of retailing space in the united states. Sustainability and Expansion StrategyĪ shopping mall is a modern, essentially North American, term for a form of shopping area or shopping center in which one or more buildings form a complex of shops with interconnecting walkways, usually indoors.

Construction of shopping mall project