For the second year in a row, Metropolis at Metrotown is one of the top 10 most profitable malls in the country, according to a study by the Retail Council of Canada.
The Burnaby mall was ranked the eighth most profitable mall in Canada, according to the study. The rankings are part of the Retail Council of Canada’s annual Canadian Shopping Centre Study, which analyzed 30 malls based on productivity, size and pedestrian counts in relation to regional demographics. The data was collected over a 12-month period ending June 30, 2017.
During that time, Metropolis at Metrotown generated $1,031 in sales per square foot, according to the study. The most profitable mall in the country, according to the 2017 study, was Toronto’s Yorkdale Shopping Centre, which sold $1,653 per square foot.
The study found that despite regional differences when it comes to productivity, Canada’s top malls, including Metropolis, continue to thrive.
Metropolis was also the second busiest mall in the country last year, with more than 27 million visitors to the centre. (In 2016, more than 28 million people visited Metropolis, but it was only the third busiest mall in the country.)
Toronto’s CF Toronto Eaton Centre was the busiest mall in the country, with more than 50 million visitors during the 12-month period, according to the study.
Top B.C. malls:
- Oakridge Shopping Centre, ranked No. 2 ($1,531)
- CF Pacific Centre, ranked No. 3 ($1,528)
- Metropolis at Metrotown, ranked No. 8 ($1,031)
- Richmond Centre, ranked No. 12 ($937)
- Guildford Town Centre, ranked No. 18 ($875)
- Park Royal Shopping Centre, ranked No. 19 ($874)
- Coquitlam Centre, ranked No. 22 ($823)
