KEY POINTS
  • Compass Point said the top 30 malls in the U.S., based on tenants' annual sales and the underlying real estate were valued at more than $57 billion total before the pandemic.
  • These malls contributed an estimated $1.8 billion of annual tax revenue to states.
  • "The pandemic will have a significant impact on tenant sales and tax collection as the government mandated shutdown could reduce sales this year by up to 33%, based on our estimates," Compass Point analyst Floris van Dijkum said.
People are seen walking through Roosevelt Field shopping mall in Garden City, New York.
Shannon Stapleton | Reuters

Before the coronavirus hit, America's most valuable malls were driving billions of dollars in sales annually, contributing hundreds of millions of dollars to local tax coffers. 

Now, nobody knows what those numbers are going to look like coming out of the Covid-19 crisis — other than definitely being a lot less.