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Malls see notable rise in store openings, SREG experiences similar growth in new deals

Wednesday, Aug 17, 2022

The pipeline of new businesses, store openings and retail deals remains strong throughout 2022. Consumer demand has overpowered inflation worries, according to July’s recent US retail sales numbers.

Because of the uptick in demand, store openings are on the rise for malls, with no downturn on the horizon. 

Simon Property Group has noticed a clear acceleration across their own portfolio. The mall owner has had a significant number of  leases throughout the first half of the year.

“Even with what’s going on in the world, we really haven’t seen anyone back out of deals of note at all,” said David Simon, chairman, president and CEO at Simon Property

SREG is also experiencing the same growth within their portfolio. New deals and openings have been at an all-time high, and there’s a clear indication that this will continue throughout the second half of 2022 and beyond. 

Source: Malls & Store Openings – CSA
Photo Credit: Malls & Store Openings – CSA

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