Commercial Real Estate Finance

Last week the Wall Street Journal published an article entitled “Recession Turns Malls Into Ghost Towns,” an interesting insight into how the economic recession and waning retail sales have led to the demise of some of America’s iconic shopping malls. Imagine the massive amount of oversupply of retail space that would result from the decline of any one of these Top 10 Largest Shopping Malls in the world.

10. SM City N. Edsa

Quezon City, Philippines

Leasable Area: 3 million s.f.

9. Eastwood Mall Complex

Youngstown, Ohio

Leasable Area: 3.2 million s.f.

8. Berjaya Times Square

Kuala Lumpur, Malaysia

Leasable Area: 3.4 million s.f.

7. SM Megamall

Mandaluyong City, Philippines

Leasable Area: 3.6 million s.f.

6. West Edmonton Mall

Edmonton, Alberta, Canada

Leasable Area: 3.8 million s.f.

5. Cevahir Istanbul

Istanbul, Turkey

Leasable Area: 3.8 million s.f.

4. Dubai Mall

Dubai, United Arab Emirates

Leasable Area: 3.8 million s.f.

3. SM Mall of Asia

Pasay City, Philippines

Leasable Area: 4.2 million s.f.

2. Golden Resources

Beijing, China

Leasable Area: 6 million s.f.

1. South China Mall

Dongguan, China

Leasable Area: 7.1 million s.f.