The 20 most valuable malls in America that are owned by real estate investment trusts bring in roughly $21 billion in retail sales annually, according to a recent study by the research firm Boenning & Scattergood, which was reported on by CNBC.
With over 350 stores and restaurants ranging from budget-friendly chains to high-end boutiques and department stores, the Ala Moana Center in Honolulu, Hawaii is worth roughly $5.74 billion, with about $1,450 in sales per square foot, making it the most valuable mall in the United States.
Top 10 Most Valuable Malls
1. Ala Moana Center, Honolulu, HI
Total asset value: $5.74 billion
Sales per square foot: $1,450
Location: Honolulu, Hawaii
Owner: General Growth Properties
2. Sawgrass Mills, Sunrise, FL
Total asset value: $4.1 billion
Sales per square foot: $1,149
Location: Sunrise, Florida
Owner: Simon Property Group
3. Oakbrook Center, Oakbrook, IL
Total asset value: $3.5 billion
Sales per square foot: $911
Location: Oak Brook, Illinois
Owner: General Growth Properties
4. Woodbury Common Premium Outlets, Central Valley, NY
Total asset value: $3.2 billion
Sales per square foot: $1,624
Location: Central Valley, New York
Owner: Simon Property Group
5. Fashion Show, Las Vegas, NV
Total asset value: $3.06 billion
Sales per square foot: $975
Location: Las Vegas, Nevada
Owner: General Growth Properties
6. Tysons Corner Center, Tysons, VA
Total asset value: $2.92 billion
Sales per square foot: $980
Location: McLean, Virginia
Owner: Macerich
7. Forum Shops at Caesars, Las Vegas, NV
Total asset value: $2.79 billion
Sales per square foot: $1,616
Location: Las Vegas, Nevada
Owner: Simon Property Group
8. King of Prussia Mall, Prussia, PA
Total asset value: $2.77 billion
Sales per square foot: $773
Location: King of Prussia, Pennsylvania
Owner: Simon Property Group
9. Westfield Garden State Plaza, Paramus, NJ
Total asset value: $2.71 billion
Sales per square foot: $950
Location: Paramus, New Jersey
Owner: Westfield
10. Roosevelt Field Mall, Garden City, NY
Total asset value: $2.41 billion
Sales per square foot: $968
Location: Garden City, New York
Owner: Simon Property Group