Sacramento mall charted steady growth in 2016

Arden Fair Mall in Sacramento released its annual sales report this week and verified the fact that not all traditional malls are on the endangered list.



The 1,112,000-sq.-ft. property, owned by Arden Fair Associates and managed by Macerich, showed consistent month to month growth through 2016, capped by a 10% year-over-year sales increase in December, according to the accounting.



The two-level, enclosed property ended the year with average sales of $860 per square foot, up 6% from 2015 and 12% from 2014. This placed Arden Fair in the top 4% of all malls in the country, according to the report.



Year-ending occupancy rate was 99.5% at Arden Fair, which is anchored by Nordstrom, Sears, J.C. Penney, and Macy’s.

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