Occupancy rate at malls impacted by Macy's store closure projected to drop by 16% in 2017

Proj % Leased Space at Centers Impacted by Macy's Store Closures 2017.png

The numbers behind this chart:

  • 61: Number of impacted malls from Macy's store closures
  • 2,300,979 sf: Estimated vacant space as of Jan 2017
  • 9,233,722 sf: Estimated space vacated by Macy's by year-end 2017
  • 11,534,701 sf: Projected vacant space due to Macy's store closures by year-end 2017
  • 55,263,340 sf: Estimated gross leasable area of impacted malls

Source: CoStar; Macy's

Jerry L. Hoffman

Hoffman Strategy Group LLC, 4424 Hallcliffe Road, Lincoln, NE, 68516, United States

Jerry L. Hoffman is owner of Hoffman Strategy Group LLC, a firm nationally known for strategic development, economic analysis, and market location consultancy.