Simon malls how many

He cited California and New York as two examples where store traffic remains suppressed by Covid-related restrictions. International tourism has also yet to return to malls and outlet centers, he said. For the period ended March 31, Simon reported an occupancy rate across its U. Simon's top tenants in terms of how much rent they pay include Gap Inc.

Please do not hesitate to contact me. Industry-specific and extensively researched technical data partially from exclusive partnerships. A paid subscription is required for full access. Additional Information. Figures have been rounded. General Merchandise. United States: busiest shopping malls , by number of visitors. Share of U. As a Premium user you get access to the detailed source references and background information about this statistic.

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Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. Dozens of companies filed for bankruptcy last year while other retailers announced the closure of more than 12, stores.

Landlord concerns about additional tenant evictions, empty stores, and reduced foot traffic have prompted billions of commercial rent relief. These include concessions on lease payments, longer payment terms, changes to lease timelines, permanently lowered rents, and even forgiveness on past-due payments, according to the Wall Street Journal. Several retail categories that make up core tenants of malls and shopping outlets—like clothing and department stores—are still recording sales levels much lower than prior to the pandemic, according to the most recent advanced estimates from the US Census Bureau.

In addition to a rising number of new deaths from Covid and nearly 1. In December, the state unemployment rate was 6. Vice Chairman of the Board. Brian J. Adam J. New Stories. Simon Property Group Inc reported better-than-expected quarterly results on Monday, as the largest U.

Simon Property Group Inc reported an 8. Top U. Department store chain J. Penney Co Inc said on Monday its retail and operating assets would exit Chapter 11 as two of its biggest landlords, Simon Property Group and Brookfield Asset Management Inc, have acquired nearly all such assets.

Penney Co Inc said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc, Simon Property Group and a majority of the company's first lien lenders. Penney on Monday obtained court approval to move ahead with its proposed sale process as a fight between two groups of lenders intensified. Talks between J.

Shiny objects abound. Penney Co Inc's landlords are nearing a deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70, jobs and represented one of the most significant business collapses following Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.