Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $24.7bn in 2025.
Trends and Insights
Accelerating commercial property costs provide a critical revenue stream
- Shopping mall managers rely heavily on appreciating commercial property values. Appreciating property values generate greater interest among corporate clients looking to take advantage of positive return rates on commercial spaces. Since most of the revenue is generated from rent collection and service fees, managers thrive when the commercial real estate market is in a bull market. Retailers are more willing to pay more for long-term leases if they feel confident in a consistent incline in property appreciation.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
An uncertain economic future is poised to influence customer shopping behavior
- Shopping mall managers will continue to gauge consumer sentiment as a barometer for broader shopping demand. If customers have greater disposable incomes and feel economically confident, it will drive higher interest in niche shopping malls, particularly across larger regional markets like New York or Los Angeles. Management companies are encouraged to invest in research-based solutions to gauge regional demand and pinpoint high-volume areas where individuals are going to shop.
Biggest companies in the Shopping Mall Management in the US
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Brookfield Property Reit inc. | 4,258.7 | -776.4 | -18.2 | |
Kimco Realty Corp | 2,042.1 | 613.3 | 30.0 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Rental of retail space, Rental of food service space and Property management services. Rental of retail space is the largest segment of the Shopping Mall Management in the US.
Trends and Insights
Diversification of shopping mall utilization boosts revenue generated from rental of retail space
- The rental of retail spaces makes up managers’ largest and most consistent revenue stream. Managers procure revenue via rental payments from tenants in community strip malls, regional shopping malls and outlet centers.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Shopping mall management servicers develop and manage 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.
What's included in this industry?
Products and services covered in the Shopping Mall Management industry in the United States include Rental of retail space , Property management services , Rental of food service space , Consulting, appraisal and listing services, Real estate agent and brokerage services and Construction services.Companies
Companies covered in the Shopping Mall Management industry in the United States include Brookfield Property Reit inc. and Kimco Realty Corp.Purchase this report to view all 2 major companies in this industry.
Related Terms
Related terms covered in the Shopping Mall Management industry in the United States include real estate investment trust (reit), vacancy rate, neighborhood center, community center, regional center and lifestyle center.Industry Code
NAICS 531311 - Shopping Mall Management in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
E-commerce growth is stunting demand for traditional malls. As more shoppers turn to online outlets, shopping centers are witnessing a significant slowdown in customer intere...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Rising real estate prices provide a robust accelerant for retail rental income. When malls have fewer vacancies, leasing costs rise and rental revenue for managers increases.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Densely populated areas provide a consistent demand niche for shopping malls. Areas such as metropolitan cities offer a varied customer base, driving up the need for larger e...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Mall managers vie for prime spots to cut costs and lure in shoppers. This strategic search underscores internal competition, as a prime location can increase foot traffic and...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Shopping mall management companies are contracted based on reputation and service quality. Established companies, such as Brookfield Property Reit Inc., leverage ready capita...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Brookfield Property Reit inc.'s performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Kimco Realty Corp's performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for Brookfield Property Reit inc., and factors influencing its performance in the industry
- Description and key data for Kimco Realty Corp, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Higher disposable income boosts shopping rates. When consumers have more money on hand, they're more likely to shop frequently, showcasing greater spending flexibility and pr...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Online shopping has dulled profit gains for malls. As customers focus on saving money, they're turning to internet retailers, squeezing the profit margins of traditional shop...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Shopping Mall Management industry in the United States in 2025?
The market size of the Shopping Mall Management industry in the United States is $24.7bn in 2025.
How many businesses are there in the Shopping Mall Management industry in the United States in 2025?
There are 4,001 businesses in the Shopping Mall Management industry in the United States, which has declined at a CAGR of 0.6 % between 2020 and 2025.
How may import tariffs affect the Shopping Mall Management industry in the United States?
The Shopping Mall Management industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Shopping Mall Management industry in the United States?
The Shopping Mall Management industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Shopping Mall Management industry in the United States grown or declined over the past 5 years?
The market size of the Shopping Mall Management industry in the United States has been growing at a CAGR of 1.0 % between 2020 and 2025.
What is the forecast growth of the Shopping Mall Management industry in the United States over the next 5 years?
Over the next five years, the Shopping Mall Management industry in the United States is expected to grow.
What are the biggest companies in the Shopping Mall Management industry in the United States?
The biggest companies operating in the Shopping Mall Management industry in the United States are Brookfield Property Reit inc. and Kimco Realty Corp
What does the Shopping Mall Management industry in the United States include?
Rental of retail space and Property management services are part of the Shopping Mall Management industry in the United States.
Which companies have the highest market share in the Shopping Mall Management industry in the United States?
The company holding the most market share in the Shopping Mall Management industry in the United States is Brookfield Property Reit inc..
How competitive is the Shopping Mall Management industry in the United States?
The level of competition is moderate and steady in the Shopping Mall Management industry in the United States.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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