- mall REITs saw sales rise to $467 per square foot in the fourth quarter of 2010—up from $431 per square foot in 2009.
- The 2010 figure matched what the sector posted in 2008, but is still below the $490 figure the same REITs saw in 2007.
Sources: Company. Average sales per square foot (4Q 2010 TTM) at General Growth Properties (GGP), Macerich (MAC), Simon Property Group (SPG), Taubman (TCO), Westfield (WDC-AX). 4Q 2010 for MAC, TCO, WDC. CGP estimates.