Rumors of the American mall’s demise have been slightly exaggerated.
According to Goldman Sachs’ list of the top 100 U.S. malls, published Thursday, the average sales per square foot at the best locations has increased from $773 to $792—despite foot traffic falling 13 percent over the past three years.
Among the leading properties were Westfield Century City in Los Angeles, Aventura, Florida’s Aventura Mall and Westfield Valley Fair in Santa Clara, Florida, while Palisades Center in New York’s West Nyack and Queens Center in Elmhust, New York, rounded out the top 10.
Goldman’s analysts based their ratings on eight factors, including the malls’ sales per square foot, the area’s population and tourism volumes, CNBC noted.
Read more at Sourcing Journal.