Largest mall property managers U.S. 2021, by GLA | Statista (2024)

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Largest mall property managers U.S. 2021, by GLA | Statista? ›

Simon Property Group

Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana.

Opened in 1992, Mall of America is the nation's largest mall at more than 5.6 million square feet. Located outside Minneapolis, Mall of America draws 40 million visitors each year to its more than 520 shops and restaurants.

Headquartered in Indianapolis, Simon Property Group is one of the biggest U.S.-based real estate companies and the largest owner of shopping malls in the U.S. They currently have retail properties in 37 states and Puerto Rico. Melvin Simon and Herbert Simon started developing strip malls in 1960.

The largest retail REIT, Property Simon, saw its market cap rise from 38.6 billion U.S. dollars to 46.6 billion U.S. dollars between December 2022 and December 2023. Despite the REIT sector compressing in 2022, the three year-returns of most REITs remained positive.

Largest shopping mall property managers in the U.S. 2021, by GLA. Simon Property Group, Brookfield Properties, and SITE Centers Corp were the largest shopping mall property managers in the United States in 2021. The three companies managed over 500 million square feet of leasable area.

It opened in 1992, and is the largest mall in the United States, the largest in the Western Hemisphere, and the twelfth largest shopping mall in the world. The mall is managed by the Triple Five Group (which in turn is owned by the Ghermezian family, along with the West Edmonton Mall and the American Dream).

What state has the most malls in USA? ›

According to data from the International Council of Shopping Centers, the Sunshine State is one of the top places to shop. Florida is third in the nation for shopping malls, with more than 10,500. California has the most with more than 15,000 and Texas comes in second with more than 12,500.

The 3.5-million-square-foot shopping and entertainment complex, home to an indoor ski slope, amusem*nt park and water park, lost about $245 million in 2022 as expenses almost doubled to $428 million, according to the three-page document posted Monday to the Municipal Securities Rulemaking Board's EMMA website.

1) Mall of America

With more than 500 stores, Mall of America is a shopping haven for brand enthusiasts, housing a wide range of high-end brands and unique boutiques. The largest indoor theme park in North America, Nickelodeon Universe, is one of its most famous attractions.

It was subject to the largest real estate bankruptcy in American history at the time of its filing in 2009. GGP Inc. GGP was acquired by Brookfield Property Partners, and management of its portfolio was transferred to Brookfield Properties, in 2018.

Largest commercial property management company in the world

The largest commercial property management company by a pretty large margin is CBRE Group, Inc.

These assets include three in the Midwest markets of Minnesota, Indiana and Michigan, and four East Coast properties in Virginia, South Carolina and Alabama. Brookfield owns 125 malls across the country and has over 134M SF in retail space globally, according to its website.

It opened in 1992, and is the largest mall in the United States, the largest in the Western Hemisphere, and the twelfth largest shopping mall in the world. The mall is managed by the Triple Five Group (which in turn is owned by the Ghermezian family, along with the West Edmonton Mall and the American Dream).

1) Mall of America

With a total area of more than 5.6 million square feet, it is the biggest mall in the country. With more than 500 stores, Mall of America is a shopping haven for brand enthusiasts, housing a wide range of high-end brands and unique boutiques.