Simon Property Group Sees Retailers Racing to Renew Leases

Retailers are looking to renew their leases on space in malls as much as three years before their current lease expires, Simon Property Group CEO, President and Chief Operating Officer Eli Simon said Monday (May 11). Simon was speaking during the first quarter earnings call for the company, which owns shopping, dining, entertainment and mixed-use destinations across North America, Europe and Asia. “What’s interesting when talking to the leasing team is retailers are now wanting to talk about the