What are the biggest selling malls in the world?
A successful shopping
center is not measured by its size, nor by its luxury. Its success is measured
in the money it sells per square meter.
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With this metric, the
largest mall in the world is not in New York, London, Paris, Tokyo or Hong
Kong, but in Miami. This is Bal Harbor Shops, named by the Shopping Centers
Today publication of the International Council of Shopping Centers (ICSC), as
the most productive shopping center in the world.
This upscale mall
sells $ 2,555 per square foot, nearly seven times the industry average, which
is $ 451 per square foot.
Bal Harbor Shops
topped sales of world-renowned malls such as West fi eld London and West fi eld
Stratford in the United Kingdom.
Bal Harbor Shops,
located on the northern tip of Miami Beach, is a great attraction for tourists,
both from inside and outside the United States, mainly from Latin America and
Russia, who are fascinated by the charm of South Beach.
"It's the
setting, the shops, the history and the attachment that customers feel about
the place that make Bal Harbor Shops the premier luxury retail mall in the
world," said mall business partner Matthew Whitman Lazenby.
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