Chain Store Age
Tanger Outlets recaptured almost 200,000 sq. ft. of retail space at its centers in 2019 due to bankruptcies and brand-wide restructurings. But a strong fourth quarter lifted its portfolio-wide occupancy rate to 97%, slightly ahead of how it ended last year, according to the company’s quarterly and year-end earnings reports.
Average tenant sales productivity was $395 per sq. ft. last year, compared to $385 per sq. ft. at the conclusion of 2018, according to the report. Same center tenant sales across the Tanger portfolio increased 1.5% in the year ended Dec. 31. . . . more
