GITNUX MARKETDATA REPORT 2024

Must-Know Shopping Mall Statistics [Latest Report]

Statistic 1

"Shopping centers and malls in the U.S. generated a total revenue of around $330 billion in 2020."

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Statistic 2

"The first shopping mall, the Southdale Center, was opened in Edina, Minnesota in 1956."

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Statistic 3

"The largest shopping mall in the world, the New South China Mall, spans about 659,612 square meters (7.1 million square feet)."

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Statistic 4

"As of 2019, the average annual sales per square foot in U.S. shopping centers were $475."

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Statistic 5

"The Mall of America, one of the biggest malls in the United States, has over 40 million visitors per year."

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Statistic 6

"Approximately 50% of shopping malls in the U.S. expect to incur substantial rent losses as a consequence of the COVID-19 pandemic."

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Statistic 7

"In 2021 there are reportedly over 115,810 shopping centers in the United States."

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Statistic 8

"There are more than 12,000 shopping malls in Europe, representing 160 million square meters (1.7 billion square feet) of shopping space."

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Statistic 9

"Approximately 25% of the malls in the U.S. are expected to close by 2022."

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Statistic 10

"Mall vacancy rates in the U.S. increased from 9.7% in the first quarter to 10.1% in the second quarter of 2021."

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Statistic 11

"A survey conducted in 2020 found that 61% of respondents prefer indoor shopping malls over open-air malls and outlet centers."

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Statistic 12

"In 2019, shopping mall food court sales in the U.S. reached $104.6 million."

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Statistic 13

"There are about 1,000 shopping malls in Canada as of April 2021."

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Statistic 14

"Retail shopping malls in Asia are estimated to have around 5.5 billion visits annually."

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Statistic 15

"In 2017, 70.6% of the shopping mall tenants in South Africa were chain stores."

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Statistic 16

"In 2019, there were 484 LEED-certified shopping malls, contributing to sustainable retail spaces."

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Statistic 17

"By 2025, fashion revenue in malls is predicted to decline by about 20% in comparison to pre-pandemic levels."

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Statistic 18

"As of 2019, the average consumer visited a mall 3.5 times per month."

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