Bal Harbour Shops, located in the state of Florida, is the most productive of all the shopping centers around the world. This open-air, upscale mall is considered to be the most profitable and lucrative shopping area. If you want to find out more about this shopping center as well as 9 of the most profitable malls in the world, here is a list as reported by the International Council of Shopping Centers.
10. The Mall at Millenia – Florida, U.S.A.
The Mall at Milllenia, more commonly referred to as The Millenia Mall, is a contemporary, indoor shopping center. It is located in the state of Florida. The shopping mall boasts of more than 150 different stores. It is also anchored by Neiman Marcus, Macy’s, and Bloomingdale’s among many others. With its sales per square foot of approximately $1,250, The Millenia Mall is definitely one of the world’s most profitable shopping centers as of today
9. Pacific Centre – Vancouver, Canada
Located in Vancouver, Canada, The Pacific Centre is the most popular shopping mall in the city. Aside from being a home to more than 100 different stores and services, the shopping center also has a significant number of anchor shops, including Holt Renfrew, Atmosphere, Sport Check, and Sears among many other sought after brands. Pacific Centre makes sales of around $1,255 per square foot.
8. The Grove – California, U.S.A.
The state of California is known for a lot of things such as being the home of many Hollywood stars and celebrities as well as a great spot for surfers and beach lovers. However, it is also renowned for being the location of one of the world’s most lucrative and productive shopping centers; The Grove. In addition to being a shopping mall, The Grove is also where residents and tourists alike flock for some great entertainment and retail shopping. At first glance, you will already notice that the establishment’s architectural influences come from classic historic districts, with its intimate courtyards, broad plazas, and shopping alleys. The stores also feature interiors similar to those that you will find in many of today’s contemporary shops. All in all, The Grove‘s sales per square foot amount to $1,400.
7. Mall of the Emirates – Dubai, United Arab Emirates
Dubai, United Arab Emirates is home to one of the biggest shopping malls in the whole word; The Mall of the Emirates. Majid Al Futtaim Properties is the party responsible for the development of this impressive shopping center. This Dubai mall has been reported to have hosted more than 30 million visitors in the year 2009. The Mall of the Emirates makes sales of approximately $1,423 per square foot.
6. Westfield Sydney – Sydney, Australia
Westfield Sydney, as you can already guess, is a branch of Westfield operated and run in Sydney, Australia. It offers more than 300 different stores for shoppers and visitors to browse through and check out. Many of the shops found in this mall are of retail brands. More than 130 specialty stores are also housed by this impressive establishment. In terms of sales per square foot, the Westfield Sydney makes around $1,500.
5. Shops at Columbus Circle – New York City, U.S.A.
Those who love urban shopping malls often visit the Shops at Columbus Circle, which is located in Manhattan, New York. Most of the stores that you will find in this New York City mall are considered to be upscale. This is where you will find some of the city’s most expensive restaurants and food establishments as well. The Shops at Columbus Circle is considered to be one of the most profitable shopping centers in the world because it has around $1,600 sales per square foot.
4. Westfield London – London, United Kingdom
Westfield also has a branch in London aside from Sydney, Australia. Apart from being an extremely lucrative shopping center, it also competes with Dubai’s very own Mall of the Emirates in terms of size. Shoppers and visitors can check out the products of more than 255 stores, including the likes of Apple, Boots, Bershka, Bose, and All Saints. High-end designer brands such as De Beers, Gucci, Louis Vuitton, Dior, and Burberry among others have also set up shop in the mall. The sales that the Westfield London makes per square foot is around $1,600.
3. Westfield Stratford – London, United Kingdom
The largest urban shopping mall in Europe is none other than Westfield Stratford. Located in London, the mall is part of a much bigger multi-purpose project for developments called the Stratford City. Westfield Stratford has been reported to make sales of $1,600 per square foot. It sits on a higher ranking on this list than Westfield London, mainly due to the fact that it is bigger than the latter.
2. Forum Shops – Las Vegas, U.S.A.
Las Vegas, U.S.A. has a lot to offer to both residents and vacationers alike. There are the playgrounds for adults (in the form of casinos), resorts, hotels, and a booming nightlife among many other forms of entertainment. However, it is also home to one of the world’s most successful shopping centers; The Forum Shops at Caesars. This shopping mall caters mostly to the high-end market and it is also connected to Las Vegas Caesars Palace. The establishment has more than 160 different shops, restaurants, and haute couture boutiques. The sales that the Forum Shops at Caesars makes per square foot is approximately $1,750.
1. Bal Harbour Shops – Florida, U.S.A.
As mentioned above, the Bal Harbour Shops is the most lucrative, most productive, and most profitable shopping area in the world. Located in Miami, Florida, the mall is renowned for being the hotspot for individuals who belong in the high-end market with money to burn on extremely expensive products. Luxury retail stores are what you can expect to see and encounter in this shopping center, including the famous Chanel, Gucci, Prada, Lanvin, Dolce & Gabbana, as well as Neiman Marcus among many other designer brands. One other thing that sets the mall apart from other traditional shopping centers is its open-air structure. If the Forum Shops at Caesars makes $1,750 per square foot, the Bal Harbour Shops is definitely more productive, with its sales reaching up to $2,555 per square foot.