Study: The malls with highest gross rent per square foot in 2026 are...

Home to a host of luxury brands, The Shops at Wynn and Encore is the shopping center that rakes in the most gross rent per square foot.

That’s according to a new 2026 ranking from New York-based real estate advisory firm The Greenberg Group, which found that the Las Vegas luxury shopping center averages $423 per square foot in gross rent. (The full top-20 list can be found later in the article.)

The Shops at Wynn and Encore was followed by another luxury center, Bal Harbour Shops in Miami, which sees $410 in average gross rent per square foot. The properties were the only two on the list to exceed $400 per square foot.

Americana Manhasset in Manhasset, N.Y., came in third at $325 per square foot, followed by Tysons Galleria in McLean, Va., at $318 per square foot, and The Shops at Crystals in Las Vegas at $305.

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“Every year our research department tracks where retail rents are highest in the U.S.,” noted The Greenberg Group. “This list includes shopping centers and malls only. It draws on what we see firsthand negotiating leases for brands across the country, along with our proprietary lease benchmarking and co-tenant sales data.”