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taal
Senior Member
Does anyone have stats in Canada (recent ones) of the sales per square feet for say the top 10/15 malls ?
Xenosblitz
Active Member
Canadian malls are about $600/sf (all types of quality). Top malls will near $1000/sf, with the top 3 over $1000/sf.
ACT7
Active Member
I know this is not specific to Eaton Center, but it looks like Mango has closed all their Canadian stores except for Montreal. Interesting - I wonder if those stores will be closing too. Is Mango suffering world wide?
bAuHaUs
Active Member
As of Jan 1, 2012:
1 Pacific Centre Vancouver $1,547 psf
2 Toronto Eaton Centre Toronto $1,303 psf
3 Yorkdale Shopping Centre Toronto $1,288 psf
4 Oakridge Centre Vancouver $1,109 psf
5 Chinook Mall Calgary $1,037 psf
6 Rideau Centre Ottawa $1,016 psf
7 Sherway Gardens Etobicoke $924 psf
8 Fairview Mall Toronto $854 psf
9 Peter Pond Fort McMurray $848 psf
10 Market Mall Calgary $842 psf
11 50 Bloor Street West Toronto $815 psf
12 Polo Park Winnipeg $779 psf
13 Southgate Centre Edmonton $777 psf
14 Toronto Dominion Centre Toronto $767 psf
15 Square One Mississauga $751 psf
16 Richmond Centre (Cadillac) Vancouver $729 psf
17 Carrefour Laval Laval $695 psf
18 Centre Eaton de Montreal Montreal $683 psf
19 Park Royal Vancouver $680 psf
20 Metropolis at Metrotown Burnaby $671 psf
21 Mayfair Shopping Centre Victoria $663 psf
22 Lancaster Building Calgary $658 psf
23 Masonville Place London $654 psf
24 Bower Place Red Deer $647 psf
25 West Edmonton Mall Edmonton $638 psf
Bayer
Senior Member
According to the Eaton Centre office tenant newsletter we received today, True Religion will open a store and Sephora will expand on Level 3, and Teavana will open on Level 1.
taal
Senior Member
Thanks a lot for that !
I thought they always quoted Yorkdale as being the highest in Canada !
Dan416
Senior Member
I'm surprised Sherway is so high. The mall itself never seems very busy.
bAuHaUs
Active Member
It's always been Pacific Centre, but the top 3 keep shifting around. Yorkdale will certainly get a huge lift after the expansion opens for business. Watch for Chinook in Calgary to run up the list in the next 12 months.
Xenosblitz
Active Member
Pacific Centre is a much smaller mall than Yorkdale and Chinook. Thus, the mix of stores might be higher end, with less weaker players pulling down the average.
It is a great mall nonetheless. Too bad it isn't bigger.
bAuHaUs
Active Member
Pacific Centre is almost 1.2 Million SF, not a small centre. The big tell will be how the 650,000 SF Sears space gets chopped-up and re-merchanized going forward.
Xenosblitz
Active Member
You're right. I got it mixed up with another mall.
If the Sears space gets a better performer in there (and there is no reason why it wouldn't, or else CF wouldn't have paid out millions), the productivity of that mall will soar. Other contenders for the top crown such as Chinook and Rideau (also part of the Sears buy out) will also benefit with higher sales/sf.
ILuvTO
Active Member
Thanks for posting these numbers Bauhaus!
Out curiousity I googled to see how US numbers compared. I was only able to find numbers for 2009. Interesting nonetheless. Our top three are only behind Caesars in terms of sales psf.
Forum Shops at Caesars, Las Vegas, Nevada. (100 percent; $1,400*)
Ala Moana, Honolulu, Hawaii. (Occupancy rate: 95 percent*; sales per square foot: $1,125)
Mall at Millenia, Orlando, Fla. (94 percent*; $1,000)
The Mall at Short Hills, Short Hills, N.J. (94 percent*; $1,000*)
Fashion Valley Mall, San Diego, Calif. (99 percent; $810*)
Westfield Garden State Plaza, Paramus, N.J. (95 percent; $702)
Queens Center, Elmhurst, N.Y. (98 percent; $876)
Roosevelt Field, Garden City, N.Y. (96 percent; $810*)
Westfield San Francisco Centre, San Francisco, Calif. (95 percent; $675)
Scottsdale Fashion Square, Scottsdale, Ariz. (95 percent; $618)
ILuvTO
Active Member
Before I read Bayer's post I had a hunch that True Religion would take the thin space on the third floor. All of their stores I have visited in the US are small like that. They have a wall of jeans on either side, or together on one side, with mens and womens denim and a few tops and that's it. The Yorkdale location is also like this.
soundmuseum
Active Member
The Shoppers Drug Mart grand opening in the new space is now scheduled for Thursday, July 26, 2012. Most of the stock has disappeared from the shelves in preparation for the new move.