Re: Springfield Town Center
Posted by:
looks b usy
()
Date: January 17, 2018 10:30PM
chuckhoffmann Wrote:
-------------------------------------------------------
> Blade Runner Wrote:
> --------------------------------------------------
> -----
> > What percentage of store occupancy does the
> mall
> > have? 80%, 85% 90%? Will it reach a 100% by
> the
> > end of this year?
>
> According to PREIT's Web page for the Springfield
> Town Center, their occupancy is 90.4%, but I'll
> bet that doesn't include the stores that have
> announced their closings in the coming months, as
> mentioned above.
>
> Since the rent STC charges includes a percentage
> of sales, the more important number is sales per
> square foot, which is $519.
>
> Both numbers show very slow growth- STC's
> occupancy in February 2016 was 89% with sales
> p.s.f. of $513.
>
> Compare those numbers with Tysons Corner Center,
> for example, which reported 95% occupancy and
> sales p.s.f. of over $900 last August.
Every time I drive past, the parking lot is packed. I don't shop much anywhere though.