Shopping Mall Management
The Shopping Mall Management industry consists of companies that develop, lease, maintain, repair and secure large commercial property in exchange for rental payments from retailers and businesses. Accordingly, industry revenue primarily fluctuates in line with rental rates and occupancy levels. During the five-year period, the price of commercial real estate, benchmarked by the Green Street Commercial Property Price Index, has grown, while vacancy rates have dwindled. However, the proliferation of broadband connections, in addition to the convenience and ease of online shopping, has hampered industry revenue growth, which has increased slowly over the five years to 2018. Over the next five years, revenue is expected to decline as the continual rise of online shopping will persistently drive many brick-and-mortar retailers out of malls, reducing the number of potential tenants for industry operators.
This industry develops and manages shopping malls and other retail properties. Property management responsibilities involve the daily operation of the real estate asset, including leasing, maintenance, rent collection, trash removal, security and occasional repairs and renovations.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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