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How Do You Evaluate The Future Potential Of A Mall?

Friday, Feb 7, 2020

SpinosoREG - Featured Image - Article -How Do You Evaluate The Future Potential Of A Mall_Having either directly worked on, reviewed or underwritten hundreds of malls across the US, we know that each mall must be individually analyzed. There are no “rules of thumb” that automatically tell you that a mall has a future. Metrics including population minimum thresholds, average income ranges, or current in-line sales levels, etc. are not always reliable predictors of future potential. The full context within which the mall operates must be understood.

The following are critical areas to carefully consider:

  • Site and locational attributes of the property.
  • Trade area demographic characteristics and historical trends.
  • Market economic drivers supporting the local/regional economy.
  • Competitive positioning/competitive landscape.
  • Current tenant mix, recent additions and closures.
  • Current and historical in-line tenant performance.
  • Rent roll and lease clause review.
  • Anchor lineup, current and historical performance, risk assessment.
  • Physical condition of property (interior and exterior).

Thoroughly analyzing each of these key areas allows one to fully understand and assess the challenges and opportunities, and to tailor a specific plan to maximize the property.

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Article Topics: Editorial | Insights
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At Spinoso Real Estate Group, we maximize the value each property we work on through aggressive Leasing: Increasing Occupancy and Improving NOI and driving Mall Sales Performance

Every aspect of our organization, every department, and every member of our team is highly valued and critically important.

Whether a direct member of the Leasing Department, or through involvement in another functional area, as a team we contribute to exceeding our clients and partners expectations, and directly or indirectly, help to support the leasing effort. Leasing+ is an integral part of our culture and company’s DNA

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