Wynn and Encore Shops Top U.S. Mall Rent Ranking
The Greenberg Group ranked the Las Vegas luxury center highest in gross rent per square foot among U.S. shopping centers in 2026.
Updated on Nov. 6, 2026 in Commercial
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The Shops at Wynn and Encore in Las Vegas averages $423 per square foot in gross rent, the highest of any U.S. shopping center in The Greenberg Group's 2026 ranking. Bal Harbour Shops in Miami is the only other center on the list above $400 per square foot.
Why it matters
The ranking highlights how luxury retail locations command premium occupancy costs, which shapes which brands can afford flagship space. It also offers a benchmark for retailers and landlords evaluating lease terms across the country.
The Greenberg Group ranking uses gross rent per square foot averages for shopping centers and malls only. The top five centers range from $305 to $423 per square foot, with the methodology's sample size and lease terms not specified in the source data.
The players
The Greenberg Group
A real estate consulting firm known for retail lease benchmarking and tenant representation across the United States.
The details
The Shops at Wynn and Encore, a luxury center in Las Vegas, leads the ranking, followed by Bal Harbour Shops in Miami. Americana Manhasset in Manhasset, New York, Tysons Galleria in McLean, Virginia, and The Shops at Crystals in Las Vegas round out the top five.
Timeline
• 2026: The Greenberg Group publishes its annual ranking of the highest-rent malls in the United States.
Market Benchmark
The Greenberg Group's annual ranking has become a recurring benchmark for comparing premium mall rents across the country. The 2026 edition shows Las Vegas and Miami centers continuing to lead in gross rent per square foot.
Retailers evaluating space in premium U.S. malls can use these per-square-foot benchmarks when comparing lease proposals. Shoppers are less directly affected, though high occupancy costs can influence which brands open flagship locations in those centers.
The takeaway
Gross rent per square foot is a useful benchmark for evaluating premium retail space. Businesses comparing lease options should weigh these averages against sales expectations and the specific terms of each agreement.
Further reading
Explore more on Commercial real estate trends shaping retail leasing across the country.
Source note: This article includes information reported by Chain Store Age.
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