Mall titan Simon Property Group has filled roughly 1 million square feet of vacant retail space related to bankruptcies, mostly Saks Off 5th stores, at more than double the old rents.
Simon sees rents soar for former Saks Off 5th stores
Mall giant fills 1 million square feet vacated in bankruptcy-driven closings
By Linda Moss
CoStar NewsAugust 11, 2026 | 6:57 P.M.
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IN THIS ARTICLE
- Companies
- Simon Property Group, Inc.
Real Estate
- Saks OFF 5TH
Retailer
- Exemplar Luxury Group
Retailer
- Contacts
- Eli Simon
CEO, COO, President & Director, Simon Property Group, Inc.
- Brian McDade
Executive Vice President & Chief Financial Officer, Simon Property Group, Inc.