GITNUX MARKETDATA REPORT 2024

The Most Surprising Shopping Center Statistics And Trends in 2024

Statistic 1

"Shopping centers with integrated leisure facilities see a 20% increase in dwelling time."

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Statistic 2

"85% of retailers consider relocation into shopping centers as beneficial."

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Statistic 3

"Shopping centers employ roughly 12.9 million people in the United States."

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Statistic 4

"As of 2021, there were over 115,000 shopping centers in the United States."

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Statistic 5

"The average rent price per square foot in shopping centers increased by 3% from 2019 to 2020."

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Statistic 6

"62% of shoppers visit shopping centers for dining and entertainment."

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Statistic 7

"54% of back-to-school shoppers prefer shopping in shopping centers."

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Statistic 8

"U.S. shopping center sales reached about $2.8 trillion in 2019."

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Statistic 9

"Malls and shopping centers have seen a 10% drop in foot traffic annually since 2015."

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Statistic 10

"In 2019, approximately 34% of Americans visited a shopping center once a month."

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Statistic 11

"In 2020, shopping centers saw an increase in curbside pickup services by 44%."

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Statistic 12

"The median household income near a shopping center is typically 22% higher than the national average."

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Statistic 13

"58% of consumers prefer shopping at physical stores in a shopping center."

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Statistic 14

"The average shopping center in the U.S. is approximately 302,000 square feet in size."

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Statistic 15

"Shopping centers account for approximately 8.9 billion square feet of retail space in the United States."

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Statistic 16

"47% of shopping center visits involve a purchase."

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Statistic 17

"72% of shopping center developers plan to invest more in open-air centers."

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Statistic 18

"During the holiday season, traffic at shopping centers can increase by up to 50%."

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Statistic 19

"In 2020, the retail vacancy rate in shopping centers was 20.2%."

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Statistic 20

"Clothing stores make up approximately 27% of all stores in an average shopping center."

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