Simon Property Group (NYSE:SPG) is the best of breed of the mall REIT sector due to its high-quality properties, pristine balance sheet, and top-tier management team. Simon also lost about $215 million after giving rent abatements to tenants, but it isn’t sitting idly by while tenants don’t pay up. A free inside look at Simon Property Group salary trends based on 1119 salaries wages for 321 jobs at Simon Property Group. A Black-owned barbershop will stay on at Charlotte’s upscale SouthPark mall after all. Mall of America ® is the nation's most exciting indoor shopping and entertainment center. Simon Property won’t terminate No Grease barbershop’s lease early at SouthPark mall. This amount depends largely on the time of year with November and December being the most expensive time of year to rent a store in most malls. More than 520 specialty stores join department stores Macy's, Nordstrom and Sears for a world-class shopping experience. The company's year-end mall occupancy rate was 91.3%, down from 95.1% a year earlier. Contact us today for more leasing … In fact, a 90% rent collection rate is … For example, the Mall of America — one of the largest malls in the world located in Bloomington, Minnesota — charges a base rent of $2,500 to $9,000 per month. However, as malls started to reopen, the numbers improved with the REIT getting 69 percent in June and about 73 percent in July. Salaries posted anonymously by Simon Property Group … Shopping center leases almost always require you to accept the space "as is," because the landlord doesn't want to spend a … For leasing inquiries, please call 952.883.8699 or email lease.inquiry@moa.net. Occupancy at Simon's malls fell to 91.3% from more than 95% before the pandemic. Located directly on State Road 60/20th Street, the mall also offers excellent access to surrounding amenities and the I-95 Interchange. EXCLUSIVE OFFERS! The Mall is conveniently positioned on State Road 60/20th Street, the primary retail corridor, which serves tourists and residents alike year-round. Don't accept an "as is" lease without an inspection. The company also reduced rents for small local businesses and restaurant owners during the pandemic by a total of $400 million. NOTE 1: Once all of the Lease Required forms have been completed in their entirety and the required documentation compiled, please email the collective package to: tenantallow@simon.com NOTE 2: All requests are reviewed in the order they are received, and can take up to thirty (30) days to process. EVENTS. Simon collected only 51 percent of its rent for April and May combined. That said, even the big tenants have yet to pay off their lease debts. DEALS. The news isn't all bad, however. Become a Mall Insider today for the chance to win a $1,000 shopping spree!