Bal Harbour Shops Ranks #1 Most Productive Shopping Center
Bal Harbour Shops ranks No. 1, not only in the U.S., but worldwide in productivity based on sales per square foot. According to the September cover story in the International Council of Shopping Center’s Shopping Centers Today magazine, Bal Harbour tops the list as the world’s top-producing shopping center with sales that are nearly seven times the industry average.
As quoted in the article, Matthew Whitman Lazenby a third-generation Whitman family member involved in the business said: "The Bal Harbour experience is akin to some of the finest luxury streets in New York or Milan or Paris. And in a lot of ways we're just hitting our stride. The Miami area is a global gateway for domestic and global tourism."
Sales at Bal Harbour have increased every year since its opening in 1965, with just two exceptions: 2001, in the wake of the 9/11 attacks, and in 2009, following the nationwide economic crisis. Currently Bal Harbour produces $2,555-per-square-foot in sales.
Worldwide, Bal Harbour Shops topped sales at such renowned locations as Westfield London and Westfield Stratford in the United Kingdom; Westfield Sydney in Australia; the Mall of the Emirates in Dubai; and Ala Moana Center in Honolulu.
“We continue to be the number one shopping destination for luxury goods not only in the country, but also worldwide” said operating partner Matthew Whitman Lazenby a third-generation Whitman family member involved in the business. “The setting, the stores, the history and the attachment that shoppers feel to the center are what make Bal Harbour Shops the world’s premier luxury retail center.”
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