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Sales at Miami's Bal Harbour Shops tops in world

from The Miami Herald

When it comes to sales volumes, the Bal Harbour Shops in Miami ranks as tops in the world, according to a recent industry report. With its roster of luxury retail tenants, Bal Harbour reported annual sales of $2,555 per square foot and expects that number to grow to $3,000 by year end. Those numbers earned the mall that has long been synonymous with luxury shopping in South Florida, the top spot in a September report by Shopping Centers Today magazine. Sales per square foot are considered the industry standard for measuring retail sales productivity rather than total sales volumes because it accounts for differences in property sizes. more

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