$20.8bn
$X.Xbn
21,626
3,683
$X.Xbn
Shopping mall management servicers endured notable declines due to unfavorable digitization trends and impact of high interest rates on operational costs. For operators, rental income generates the largest portion of revenue with income from property management fees following. Accordingly, revenue primarily fluctuates in line with rental rates and occupancy levels. Over the past five years, growth in household earnings has boosted demand for retail space rental and food service space rental from businesses. However, this growth was offset by a growing popularity of online-based retailers such as Amazon.com Inc. The impact of the pandemic in early 2020 significantly reduced revenue as nonessential businesses were ordered to close, while recent spikes in inflationary pressures dampened consumers’ shopping propensity. Through the end of 2024, revenue fell at a CAGR of 4.0% to an estimated $20.8 billion, including stagnation in 2024 alone.
Industry revenue has declined at a CAGR of 4.0 % over the past five years, to reach an estimated $20.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Simon Property Group, inc. | 4,524.9 | 1,910.0 | 42.2 | |
Brookfield Property Reit inc. | 1,609.7 | 242.9 | 15.1 | |
Kimco Realty Corp | 1,011.4 | 359.7 | 35.6 |
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Industry revenue is measured across several distinct product and services lines, including Rental of retail space, Property management services and Rental of food service space. Rental of retail space is the largest segment of the Shopping Mall Management in the US.
Diversification of shopping mall utilization boosts revenue generated from rental of retail space
Shopping mall management servicers develop and manage shopping malls and other retail properties. Property management responsibilities involve the daily operation of the real estate asset, including leasing, maintenance, rent collection, trash removal, security and occasional repairs and renovations.
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NAICS 53131 - Shopping Mall Management in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
E-commerce growth is stunting demand for traditional malls. As more shoppers turn to online outlets, shopping centers are witnessing a significant drop in customer interest.
Learn about an industry's products and services, markets and trends in international trade.
Rising real estate prices boost retail rent values. When malls have fewer vacancies, leasing costs rise and rental revenue for managers increases.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
High-population areas boost mall demand. These regions offer a varied customer base, driving up the need for larger establishments and generating a larger shopping base.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Mall managers vie for prime spots to cut costs and lure in shoppers. This strategic search underscores internal competition, as a prime spot can increase foot traffic and min...
Learn about the performance of the top companies in the industry.
Just three firms hold over a 5% market share. They're riding high on ready capital and a commanding presence in Real Estate Investment Trusts, giving them hefty market contro...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Higher disposable income boosts shopping rates. When consumers have more money on hand, they're more likely to shop frequently, showcasing greater spending flexibility. This ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Online shopping has dulled profit gains for malls. As customers focus on saving money, they're turning to internet retailers, squeezing the profit margins of traditional shop...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Shopping Mall Management in the US industry in United States is $20.8bn in 2024.
There are 3,683 businesses in the Shopping Mall Management in the US industry in United States, which has declined at a CAGR of 3.0 % between 2019 and 2024.
The market size of the Shopping Mall Management in the US industry in United States has been declining at a CAGR of 4.0 % between 2019 and 2024.
Over the next five years, the Shopping Mall Management in the US industry in United States is expected to grow.
The biggest companies operating in the Shopping Mall Management market in United States are Simon Property Group, inc., Brookfield Property Reit inc. and Kimco Realty Corp
Rental of retail space and Property management services are part of the Shopping Mall Management in the US industry.
The company holding the most market share in United States is Simon Property Group, inc..
The level of competition is moderate and steady in the Shopping Mall Management in the US industry in United States.