Retail occupancy and sales volume continues to rise at Brickell City Centre’s shopping mall.
Publicly traded Swire Properties told investors this month that the shopping mall was 97% occupied as of September 30 (compared to 89% on December 31, 2022).
Occupancy figures include space allocated to prospective tenants who have signed letters of intent.
Retail sales volume at Brickell City Centre is also rising this year – up 16.% through September 30, compared to the same period in 2022.
The mall is majority owned by Swire (62.93%), with minority stakes by Simon Property Group (25%) and Bal Harbour Shops (12.07%).
Swire is planning to break ground on the next phase of the project soon, a near-supertall office tower called One Brickell City Centre. The new phase will be nearly all office, and only add an additional 17,014 square feet of retail/food and beverage space.