shopping center industry social media who's doing what q3 2010
DESCRIPTION
A Q3 2010 benchmarking study examining the use of social media by shopping centers in the United States from Alexander Babbage, a leading market and consumer research company based in Atlanta, Georgia.TRANSCRIPT
© 2010 Alexander Babbage, Inc. All Rights Reserved www.alexanderbabbage.com
Shopping Center Social Media: Who’s Doing What?
Q3 2010
1201 Peachtree Street NE, Suite 500Atlanta, GA 30309
Phone: (404) 961‐7600www.alexanderbabbage.com
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 2 www.alexanderbabbage.com
Summary
With emerging technologies, brands and businesses are discovering newer and more innovative ways to
reach out to customers. It is becoming easier than ever before to leverage these media platforms in
marketing and customer relationship strategies. How many shopping centers are really taking full
advantage of this outlet? Who is doing it, and who is doing it right? In collecting social media benchmark
data for shopping centers, Alexander Babbage has quantified online presence for those centers
participating in the popular social media outlets, Facebook and Twitter, and concluded that the number
of Facebook and Twitter accounts in the observed 1,842 U.S. shopping centers 300,000 square feet or
larger is continuing to climb. Social Media channels for business/customer interaction are rapidly
becoming mainstream, and those who have yet to take advantage of this trend may be missing an
important opportunity.
The number of centers with an online presence in social media during Q3 ’10 has changed notably.
Among all centers studied in Q3, nearly one‐in‐three are on Facebook (608) and Twitter (557).
Entertainment centers have the highest percentage of Facebook pages (41.7%), while value centers
have the strongest presence on Twitter (56.4%). With the exception of value centers, U.S shopping
centers are utilizing Facebook more than Twitter. Between Q2 ’10 and Q3 ’10, regional centers
experienced the most growth in the use of Facebook (36.0%), while lifestyle centers experienced the
most growth in the use of Twitter (34.7%).
Center Type
Q2 % with Website and
Q3 % with Website and
% Growth in Number of Centers
with Facebook
Q2 % with
Website and
Q3 % with
Website and
% Growth in Number of Centers
with Twitter
Super Regional 35.6% 44.9% 26.1% 35.0% 42.6% 21.7%
Regional 22.9% 31.1% 36.0% 19.8% 25.9% 30.7%
Lifestyle 21.5% 26.2% 22.1% 15.5% 20.9% 34.7%
Value 25.5% 28.7% 12.6% 53.2% 56.4% 6.0%
Entertainment 41.2% 47.1% 14.2% 35.3% 41.2% 16.6%
Total Industry 25.8% 33.0% 27.9% 24.0% 30.2% 26.0%
Center Type (300,000 square feet or larger)
Number of Centers Studied
Super Regional Centers 432
Regional Centers 777
Lifestyle Centers 522
Value Centers 94
Entertainment Centers 17
Total Industry 1,842
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 3 www.alexanderbabbage.com
Findings
Nearly one‐in‐four (23.1%) shopping centers still do not have a website as of Q3 2010. Social media
however, has proven to be a rapidly evolving, useful platform for marketing professionals and the use of
Facebook and Twitter among U.S. shopping centers 300,000 square feet or larger is on the rise. As of Q3
2010, 33.0% of all centers studied had a Facebook page and 30.2% of centers had a Twitter account.
From Q2 ‘10 to Q3 ‘10, the use of Facebook has grown by 27.9%, while the use of Twitter has grown by
25.8%.
Industry‐Wide Social Media Use
n = 1,842
As of Q3 2010, 609 U.S. shopping centers 300,000 square feet or larger had a Facebook page, and 555
centers had a Twitter account. The average number of Facebook fans was 1,563 per center, which was
up 25.6% from 1,244 in Q2 2010. The largest group, regional centers, continued to have the lowest
average number of fans (594) and the smallest group, entertainment centers, continued to have the
largest fan base (6,221). The highest number of fans for any single center was 83,645 for the super
regional center Mall of America.
76.9%
25.8%24.0%
76.9%
33.0% 30.2%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
Website Facebook Twitter
Q2 Q2 Q2Q3 Q3 Q3
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 4 www.alexanderbabbage.com
Average Number of Facebook Fans Q2 vs. Q3
Twitter use has followed a similar pattern. The average number of Twitter followers per center in Q3 ’10
was 281, which was up 11.5% from 252 in Q2 2010. Similar to Facebook, the small base entertainment
centers were out on top (1161) with regional centers lagging behind with the lowest average number of
followers (125). The highest number of followers for any one center was 5,205 for the lifestyle center
The Grove. Surprisingly, no center had a net loss of Facebook fans or followers on Twitter from Q2 ‘10 to
Q3 ’10, indicating these are still growth media.
Average Number of Twitter Followers Q2 vs. Q3
1,244
5,655
1,027
1,859
479
1,516
1,563
6,221
1,341
2,064
594
2,167
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000
Total Industry (1842)
Entertainment Centers (17)
Value Centers (94)
Lifestyle Centers (522)
Regional Centers (777)
Super Regional Centers (432)
Q3
Q2
252
1,117
408
479
109
190
281
1,161
431
467
125
248
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000
Total Industry (1842)
Entertainment Centers (17)
Value Centers (94)
Lifestyle Centers (522)
Regional Centers (777)
Super Regional Centers (432)
Q3
Q2
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 5 www.alexanderbabbage.com
Compared to Facebook, Twitter grew more slowly in the number of followers (25.6% industry‐wide
growth for Facebook and 11.5% industry‐wide growth for Twitter). Lifestyle centers saw a drop in the
number of followers on Twitter, but they also experienced the most growth in the number of centers
with a Twitter account. The greater spread contributed to the drop in the overall average number of
followers. No center individually experienced a net loss. Super regional centers gained the most fans on
Facebook (42.9% growth), as well as the most followers on Twitter (30.5% growth).
Center Type Base
Q2 Number of Centers with a Facebook Page
Q3 Number of Centers with a Facebook Page
Q2 Average Number of
Fans
Q3 Average Number of
Fans
Change Q3 vs. Q2 Average Fans
Super Regional Centers 432 153 194 1,516 2,167 42.9%
Regional Centers 777 178 242 479 594 24.0%
Lifestyle Centers 522 114 137 1,859 2,064 11.0%
Value Centers 94 24 27 1,027 1,341 30.6%
Entertainment Centers 17 7 8 5,655 6,221 10.0%
Total Industry 1,842 476 608 1,244 1,563 25.6%
Center Type Base
Q2 Number of Centers with a
Twitter Account
Q3 Number of Centers with a
Twitter Account
Q2 Average Number of Followers
Q3 Average Number of Followers
Change Q3 vs. Q2 Number of Followers
Super Regional Centers 432 151 184 190 248 30.5%
Regional Centers 777 154 201 109 125 14.7%
Lifestyle Centers 522 81 109 479 467 ‐2.5%
Value Centers 94 50 53 408 431 5.6%
Entertainment Centers 17 6 7 1,117 1,161 3.9%
Total Industry 1,842 442 557 252 281 11.5%
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 6 www.alexanderbabbage.com
When analyzed by center type, value centers use Twitter more (56.4% compared to 28.7% on
Facebook), while the other center types primarily use Facebook. Entertainment centers use social media
the most, followed by super regional, value, regional, and finally lifestyle centers.
Social Media use by Center Type
* The definitions of each center type can be found in the appendix.
41.2%
56.4%
20.9%
25.9%
42.6%
47.1%
28.7%
26.2%
31.1%
44.9%
82.4%
80.9%
62.8%
74.8%
94.9%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Entertainment Centers (17)
Value Centers (94)
Lifestyle Centers (522)
Regional Centers (777)
Super Regional Centers (432)
Website
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 7 www.alexanderbabbage.com
Developers
Among developers with 20 or more centers, Simon Property Group, Developers Diversified Realty, and
Glimcher all experienced growth exceeding 100% in both Facebook and Twitter use between Q2 ’10 and
Q3 ’10. Simon Property Group experienced the most growth (716.7%) in Facebook use, while Developers
Diversified Realty experienced the most growth (650.0%) in centers with a Twitter account. A complete
list of the top 25 developers based on the number of centers can be found in the appendix.
Social Media Usage Among Developers with 20+ Centers
Base
Q2 % with Website and
Q3 % with Website and
% Growth from Q2 to Q3
Q2 % with
Website and
Q3 % with
Website and
% Growth from Q2 to Q32
Simon Property Group 227 2.6% 21.6% 716.7% 14.1% 30.0% 112.5%
General Growth Properties 190 87.9% 88.4% 0.6% 86.3% 86.8% 0.6%
CBL & Associates Properties 83 3.6% 4.8% 33.3% 6.0% 7.2% 20.0%
Westfield Corporation 54 25.9% 35.2% 35.7% 24.1% 27.8% 15.4%
Macerich 51 31.4% 35.3% 12.5% 98.0% 98.0% 0.0%
DDR 46 8.7% 32.6% 275.0% 4.3% 32.6% 650.0%
Jones Lang LaSalle 46 39.1% 58.7% 50.0% 32.6% 45.7% 40.0%
Pennsylvania R/E Investment Trust 31 45.2% 48.4% 7.1% 3.2% 3.2% 0.0%
Forest City 24 66.7% 70.8% 6.3% 66.7% 70.8% 6.3%
The Taubman Company 22 0.0% 0.0% ‐ 0.0% 0.0% ‐
Glimcher 21 38.1% 100.0% 162.5% 38.1% 100.0% 162.5%
* A complete list of the top 25 developers based on the number of centers can be found in the appendix.
Note the data for Simon Property Group was aggregated by Simon Property Group (Chelsea), Kravco
Simon and Simon Property Group, Inc. CBL & Associates Properties was aggregated by CBL RM ‐ Waco
LLC and CBL & Associates Properties, Inc. and Forest City was aggregated by Forest City Commercial
Management, Forest City Enterprises, Forest City Management, and Forest City Ratner Companies.
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 8 www.alexanderbabbage.com
Among the developers with 20 or more centers, Glimcher Realty Trust is the only one with 100% of their
centers on Facebook and Twitter, while The Taubman Company has not yet begun to utilize these social
media outlets, as none of their 22 centers are utilizing Facebook or Twitter.
Facebook and Twitter Use by Developer
100.0%
0.0%
70.8%
48.4%
58.7%
32.6%
35.3%
35.2%
4.8%
88.4%
21.6%
100.0%
0.0%
70.8%
3.2%
45.7%
32.6%
98.0%
27.8%
7.2%
86.8%
30.0%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Glimcher
The Taubman Company
Forest City
Pennsylvania R/E Investment Trust
Jones Lang LaSalle
DDR
Macerich
Westfield Corporation
CBL & Associates Properties
General Growth Properties
Simon Property Group
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 9 www.alexanderbabbage.com
Regions
Shopping centers in the West (410) utilize social media more than in any other ICSC region. In Region 8
(Mountain), 50.0% of centers are using Facebook and 56.9% are using Twitter, while in Region 9 (Pacific)
48.2% are using Facebook and 54.2% of centers are using Twitter.
Social Media Use by Shopping Center Region
Social Media Use by Region
Number Division Facebook Twitter
1 New England 52.9% 31.4%
2 Mid Atlantic 39.2% 26.9%
3 South Atlantic 38.2% 31.2%
4 East South Central 37.0% 24.7%
5 West South Central 43.0% 42.4%
6 East North Central 42.3% 39.3%
7 West North Central 41.8% 41.8%
8 Mountain 50.0% 56.9%
9 Pacific Division 48.1% 54.2%
30.1%
21.5%
25.6%
44.6%
31.6%
33.1%
30.3%
39.8%
75.1%
76.0%
76.9%
81.0%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
ICSC Midwest Regions 6 and 7
ICSC Northeast Regions 1 and 2
ISCS South Regions 3, 4, and 5
ICSC West Regions 8 and 9
Website
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 10 www.alexanderbabbage.com
Facebook Top 20
Shopping Center Name Location Type of Center Square Feet Managed By Q3 Number of Facebook Fans
Mall of America Bloomington, MN Super Regional 2,768,399 Triple Five Corp. 83,645
King of Prussia Mall King of Prussia, PA Super Regional 2,698,477 Kravco Simon Company 28,980
Westfield Garden State Plaza Paramus NJ Super Regional 2,132,112 Westfield Corporation 28,483
Westfield Valley Fair Santa Clara, CA Super Regional 1,478,023 Westfield Corporation 19,227
The Galleria Houston, TX Super Regional 2,350,308 Simon Property Group, Inc. 16,204
Zona Rosa Kansas City, MO Lifestyle 925,000 Steiner & Associates 15,741
Asbury Park Asbury Park, NJ Lifestyle 400,000 Madison Marquette 15,031
The Wharf Orange Beach, AL Lifestyle 376,116 AIG Baker S/C Properties LLC 14,678
Santana Row San Jose, CA Lifestyle 565,000 Federal Realty Investment Trust 13,673
Broadway at the Beach Myrtle Beach, SC Entertainment 700,000 Burroughs & Chapin Co Inc 12,964
Seminole Paradise Hollywood, FL Entertainment 350,000 The Cordish Company 11,264
Bel Air Mall Mobile, AL Super Regional 1,334,000 Jones Lang LaSalle 11,152
Town Square Las Vegas Las Vegas, NV Lifestyle 1,000,000 Turnberry Associates 10,397
Aventura Mall Aventura, FL Super Regional 2,099,164 Turnberry Associates 9,945
Pier Park Panama City Beach, FL Regional 504,663 Simon Property Group, Inc. 9,061
The Mall at Stonecrest Lithonia, GA Super Regional 1,300,000 Forest City Enterprises 8,793
Southlake Town Square Soutlake, TX Lifestyle 785,270 Inland Southwest Management 8,700
Downtown Silver Spring Silver Spring, MD Lifestyle 789,146 The Peterson Companies 8,561
The Greene Beavercreek, OH Lifestyle 790,000 Steiner & Associates 8,443
Crocker Park Westlake, OH Lifestyle 550,000 Stark Enterprises, Inc. 8,347
The shopping center industry average number of Facebook fans in Q2 2010 was 1,224 fans per center.
This amount grew by 25.6% in Q3 to make the new industry average 1,563 fans per center. The top five
centers with the largest increase in the number of Facebook fans from Q2 ‘10 to Q3 ‘10 are:
Shopping Center Name Location Type of Center Square Feet Managed By
Q2 # Facebook
Fans
Q3 # Facebook
Fans Growth
The Mall at Stonecrest Lithonia, GA Super Regional 1,300,000 Forest City Enterprises 4,858 8,793 81.0%
The Greene Beavercreek, OH Lifestyle 790,000 Steiner & Associates 6,500 8,443 29.9%
The Wharf Orange Beach, AL Lifestyle 376,116 AIG Baker S/C Properties LLC 11,722 14,678 25.2%
Town Square Las Vegas Las Vegas, NV Lifestyle 1,000,000 Turnberry Associates 8,387 10,397 24.0%
Aventura Mall Aventura, FL Super Regional 2,099,164 Turnberry Associates 8,160 9,945 21.9%
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 11 www.alexanderbabbage.com
Twitter Top 20
Shopping Center Location Type of Center Square Feet Managed By
Q3 Number
of Followers
Q3 Number
of Tweets
The Grove Los Angeles, CA Lifestyle 575,000 Caruso Affiliated 5,205 1,720
Mall of America Bloomington, MN Super Regional 2,768,399 Triple Five Corp. 3,263 3,922
Universal CityWalk Universal City, CA Entertainment 400,000 Universal CityWalk 2,546 2,398
Winter Park Village Winter Park, FL Lifestyle 522,000 Casto 1,996 276
Belmar Lakewood, CO Lifestyle 1,200,000 Continuum Property Mgmt 1,948 391
Kierland Commons Scottsdale, AZ Lifestyle 320,000 Westcor 1,853 1,233
Scottsdale Fashion Square Scottsdale, AZ Super Regional 2,030,000 Scottsdale Fashion Square 1,774 475
Atlantic Station Atlanta, GA Entertainment 1,500,000 Jones Lang LaSalle 1,747 466
The Americana at Brand Glendale, CA Regional 475,000 Caruso Affiliated 1,694 1,457
The Galleria Houston, TX Super Regional 2,350,308 Simon Property Group, Inc. 1,678 1,126
The 900 Shops Chicago, IL Lifestyle 450,000 Urban Retail Properties, LLC 1,646 791
Patriot Place Foxborough, MA Lifestyle 1,300,000 Strategic Retail Advisors 1,601 790
Frisco Square Frisco, TX Lifestyle 500,000 Frisco Square Development 1,537 117
Pier Park Panama City Beach, FL Regional 504,663 Simon Property Group, Inc. 1,450 1,216
Washington Square Tigard, OR Super Regional 1,458,840 Macerich 1,445 1,693
Asbury Park Asbury Park, NJ Lifestyle 400,000 Madison Marquette 1,418 2,032
Tempe Marketplace Tempe, AZ Super Regional 1,300,000 Vestar Development 1,418 443
Freehold Raceway Mall Freehold, NJ Super Regional 1,600,000 Macerich 1,378 281
Santana Row San Jose, CA Lifestyle 565,000 Federal Realty Investment Trust 1,351 679
The Wharf Orange Beach, AL Lifestyle 376,116 AIG Baker S/C Properties LLC 1,348 346
In Q2, the shopping center industry average number of Twitter followers was 252 followers per center.
This amount grew by 11.5% to 281 followers per center in Q3. The top five centers with the largest
increase in the number of followers from Q2 to Q3 are:
Shopping Center Location Type of Center Square Feet Managed By
Q2 # Followers
Q3 # Followers Growth
The Grove Los Angeles, CA Lifestyle 575,000 Caruso Affiliated 3,474 5,205 49.8%
Frisco Square Frisco, TX Lifestyle 500,000 Frisco Square Development 1,037 1,537 48.2%
Atlantic Station Atlanta, GA Entertainment 1,500,000 Jones Lang LaSalle 1,334 1,747 31.0%
The Galleria Houston, TX Super Regional 2,350,308 Simon Property Group, Inc. 1,302 1,678 28.9%
The Americana at Brand Glendale, CA Regional 475,000 Caruso Affiliated 1,327 1,694 27.7%
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 12 www.alexanderbabbage.com
Key Learning
Social media is continuing to expand in the shopping center industry. The use of Facebook has grown by
27.9% from Q2 to Q3, while the use of Twitter has grown by 26.0%. With so many changes in the last
quarter the shopping center benchmark program will help keep centers up‐to‐speed and at pace with
others in the industry. Among the 1,842 U.S. shopping centers researched, The Mall of America, Pier
Park, Asbury Park, and The Wharf are the only shopping centers to make both the top 20 lists for their
Facebook and Twitter use. With trends in the social media world constantly changing it will be
interesting to see what new outreach medium shopping centers will utilize next. We expect to witness
the evolution of customer interaction as years progress and more businesses move to this form of
personalized online communication.
Alexander Babbage will continually monitor social media activity in the shopping center industry with
benchmarks published at the beginning of each quarter. For more information about comparing your
center or portfolio to benchmarks, contact:
Alan McKeon at 404‐961‐7602 or [email protected] or
Charlotte Sykes at 404‐961‐7603 or [email protected]
A
Alexander Babbage, Inc., is an Atlanta based full‐service research firm specializing in experiential research for destinations
including shopping centers, professional sports teams, retailers, restaurants, the arts and financial institutions. It has the
deepest experience and most extensive benchmark set among private research providers. Alexander Babbage acquired
Stillerman Jones & Company in 2007 and MAXtrak® in 2004, making it the shopping center industry’s leading provider of
market and shopper research.
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 13 www.alexanderbabbage.com
Definitions
Center Type
Only centers 300,000 square feet or larger in the continental United States were considered.
Super Regional Center ‐ Similar to a regional center, but because of its larger size, a super regional
center has more anchors, a deeper selection of merchandise, and draws from a larger population base.
As with regional centers, the typical configuration is an enclosed mall, frequently with multi levels.
Regional Center ‐ This center type provides general merchandise (a large percentage of which is
apparel) and services in full depth and variety. Its main attractions are its anchors: traditional, mass
merchant, or discount department stores or fashion specialty stores. A typical regional center is usually
enclosed with an inward orientation of the stores connected by a common walkway and parking
surrounds the outside perimeter.
Lifestyle Center ‐ Most often located near affluent residential neighborhoods, this center type caters to
the retail needs and “lifestyle” pursuits of consumer in its trading area. It has an open‐air configuration
and typically includes retail space occupied by upscale national chain specialty stores. These center may
or may not be anchored by one or more conventional or fashion specialty department stores.
Value Center ‐ A center that includes outlet tenants as well as superstores, catalog, retail clearing
houses, off‐price or discounters, and food vendors.
Entertainment Center ‐ A shopping center that encompasses theaters, restaurants and related retail.
Social Media Terms
Facebook ‐ A publication for an organization, such as a school or business, which helps members identify
each other; also, an online version of this, with profiles including a picture, name, birth date, interests,
etc.
Twitter ‐ An information network made up of 140‐character messages from all over the world.
Tweet ‐ A message posted via Twitter containing 140 characters or fewer.
Follow ‐ To follow someone on Twitter means to subscribe to their Tweets or updates on the site.
Follower ‐ A follower is another Twitter user who has followed you.
Data and counts are effective as of the measured date 6/30/2010.
Dictionary of Shopping Center Terms, Third Edition Twitter Glossary
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 14 www.alexanderbabbage.com
Number Region Division States
1 Northeast New England Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont
2 Northeast Mid Atlantic New Jersey, New York, Pennsylvania
3 South South Atlantic Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, West Virginia
4 South East South Central Alabama, Kentucky, Mississippi, Tennessee
5 South West South Central Arkansas, Louisiana, Oklahoma, Texas
6 Midwest East North Central Illinois, Indiana, Michigan, Ohio, Wisconsin
7 Midwest West North Central Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota
8 West Mountain Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, Wyoming
9 West Pacific Division California, Oregon, Washington
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 15 www.alexanderbabbage.com
Appendix
Top 25 Developers Based on Number of Centers
Base
Q2 % with Website and Facebook
Q3 % with Website and Facebook
% Growth from Q2 to Q3
Q2 % with Website and
Q3 % with Website and
% Growth from Q2 to Q32
Simon Property Group 227 2.6% 21.6% 716.7% 14.1% 30.0% 112.5%
General Growth Properties 190 87.9% 88.4% 0.6% 86.3% 86.8% 0.6%
CBL & Associates Properties 83 3.6% 4.8% 33.3% 6.0% 7.2% 20.0%
Westfield Corporation 54 25.9% 35.2% 35.7% 24.1% 27.8% 15.4%
Macerich 51 31.4% 35.3% 12.5% 98.0% 98.0% 0.0%
DDR 46 8.7% 32.6% 275.0% 4.3% 32.6% 650.0%
Jones Lang LaSalle 46 39.1% 58.7% 50.0% 32.6% 45.7% 40.0%
Pennsylvania R/E Investment Trust 31 45.2% 48.4% 7.1% 3.2% 3.2% 0.0%
Forest City 24 66.7% 70.8% 6.3% 66.7% 70.8% 6.3%
The Taubman Company 22 0.0% 0.0% ‐ 0.0% 0.0% ‐
Glimcher 21 38.1% 100.0% 162.5% 38.1% 100.0% 162.5%
Prime Retail Management 19 5.3% 5.3% 0.0% 0.0% 0.0% ‐
Kimco Realty Corporation 18 0.0% 0.0% ‐ 0.0% 0.0% ‐
Inland 17 52.9% 52.9% 0.0% 17.6% 17.6% 0.0%
The Cafaro Company 17 0.0% 0.0% ‐ 0.0% 0.0% ‐
Tanger Factory Outlet Centers 16 93.8% 93.8% 0.0% 93.8% 93.8% 0.0%
RED Development 16 31.3% 31.3% 0.0% 25.0% 25.0% 0.0%
CB Richard Ellis 16 18.8% 18.8% 0.0% 12.5% 12.5% 0.0%
Vornado Realty Trust 15 0.0% 0.0% ‐ 0.0% 0.0% ‐
Casto 14 14.3% 21.4% 50.0% 21.4% 21.4% 0.0%
Westcor 13 15.4% 15.4% 0.0% 84.6% 84.6% 0.0%
Centro 11 9.1% 18.2% 100.0% 0.0% 9.1% ‐
Madison Marquette 9 77.8% 77.8% 0.0% 66.7% 66.7% 0.0%
Mid‐America Real Estate Group 9 11.1% 11.1% 0.0% 11.1% 11.1% 0.0%
Poag & McEwen Lifestyle Ctrs, LLC 9 22.2% 44.4% 100.0% 11.1% 44.4% 300.0%
The Sembler Company 9 11.1% 11.1% 0.0% 0.0% 0.0% ‐
The Pyramid Companies 9 100.0% 100.0% 0.0% 22.2% 22.2% 0.0%
Vestar Development 9 44.4% 77.8% 75.0% 44.4% 55.6% 25.0%
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 16 www.alexanderbabbage.com
Developer Aggregated by
Simon Property Group Simon Property Group, Inc., Simon Property Group (Chelsea), Kravco Simon Company
General Growth Properties General Growth Properties, Inc., c/o City of Trotwood, c/o Grand Teton Mall
CBL & Associates Properties CBL & Associates Properties, CBL & Associates Properties, Inc. , CBM RM‐Waco LLC
Jones Lang LaSalle Jones Lang LaSalle, c/o Ashtabula Towne Square
Forest City Forest City Enterprises, Forest City Commercial Management, Forest City Management, Forest City Ratner Companies
Inland Inland Southwest Management, Inland American Retail Mgmt LLC, Inland Commercial Property Mgmt, Inland Pacific Property Svcs LLC, Inland US Management LLC
Red Development RED Development , RED Asset Management, Inc.
CB Richard Ellis CB Richard Ellis, CBRE Louisville, CBRE/MEGA
Vornado Realty Trust Vornado Realty Trust , Vornado/Charles E. Smith
The Pyramid Companies The Pyramid Companies, c/o Avitation Mall
Vestar Development Vestar Development , Vestar Property Mgmt , c/o Vestar Development Co.
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 17 www.alexanderbabbage.com
Facebook Use by Center Type Q2 vs. Q3
Twitter Use by Center Type Q2 vs. Q3
35.6%
22.9% 21.5%25.5%
41.2%44.9%
31.1%26.2% 28.7%
47.1%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
Super Regional Centers
Regional Centers Lifestyle Centers Value Centers Entertainment Centers
Q2
Q3
35.0%
19.8%15.5%
53.2%
35.3%42.6%
25.9%
20.9%
56.4%
41.2%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
Super Regional Centers
Regional Centers Lifestyle Centers Value Centers Entertainment Centers
Q2
Q3
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 18 www.alexanderbabbage.com
Facebook Use by Top 25 Developers Based on Number of Centers Q2 vs. Q3
77.8%
11.1%
22.2%
11.1%
100.0%
44.4%
9.1%
15.4%
14.3%
0.0%
93.8%
31.3%
18.8%
52.9%
0.0%
0.0%
5.3%
38.1%
0.0%
66.7%
45.2%
8.7%
39.1%
31.4%
25.9%
3.6%
87.9%
2.6%
77.8%
11.1%
44.4%
11.1%
100.0%
77.8%
18.2%
15.4%
21.4%
0.0%
93.8%
31.3%
18.8%
52.9%
0.0%
0.0%
5.3%
100.0%
0.0%
70.8%
48.4%
32.6%
58.7%
35.3%
35.2%
4.8%
88.4%
21.6%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Madison Marquette
Mid‐America Real Estate Group
Poag & McEwen Lifestyle Ctrs, LLC
The Sembler Company
The Pyramid Companies
Vestar Development
Centro
Westcor
Casto
Vornado Realty Trust
Tanger Factory Outlet Centers, Inc
RED Development
CB Richard Ellis
Inland US Management LLC
The Cafaro Company
Kimco Realty Corporation
Prime Retail Management
Glimcher
The Taubman Company
Forest City
Pennsylvania R/E Investment Trust
DDR
Jones Lang LaSalle
Macerich
Westfield Corporation
CBL & Associates Properties
General Growth Properties
Simon Property Group
Q3
Q2
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 19 www.alexanderbabbage.com
Twitter Use by Top 25 Developers Based on Number of Centers Q2 vs. Q3
66.7%
11.1%
11.1%
0.0%
22.2%
44.4%
0.0%
84.6%
21.4%
0.0%
93.8%
25.0%
12.5%
17.6%
0.0%
0.0%
0.0%
38.1%
0.0%
66.7%
3.2%
4.3%
32.6%
98.0%
24.1%
6.0%
86.3%
14.1%
66.7%
11.1%
44.4%
0.0%
22.2%
55.6%
9.1%
84.6%
21.4%
0.0%
93.8%
25.0%
12.5%
17.6%
0.0%
0.0%
0.0%
100.0%
0.0%
70.8%
3.2%
32.6%
45.7%
98.0%
27.8%
7.2%
86.8%
30.0%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Madison Marquette
Mid‐America Real Estate Group
Poag & McEwen Lifestyle Ctrs, LLC
The Sembler Company
The Pyramid Companies
Vestar Development
Centro
Westcor
Casto
Vornado Realty Trust
Tanger Factory Outlet Centers, Inc
RED Development
CB Richard Ellis
Inland US Management LLC
The Cafaro Company
Kimco Realty Corporation
Prime Retail Management
Glimcher
The Taubman Company
Forest City
Pennsylvania R/E Investment Trust
DDR
Jones Lang LaSalle
Macerich
Westfield Corporation
CBL & Associates Properties
General Growth Properties
Simon Property Group
Q3
Q2
Shopping Center Social Media: Who’s Doing What? Q3 2010
© 2010 Alexander Babbage, Inc. All Rights Reserved 20 www.alexanderbabbage.com
Facebook Use by Region Q2 vs. Q3
Twitter Use by Region Q2 vs. Q3
31.0%
23.7% 26.2% 23.7%
39.8%
30.3%33.1% 31.6%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
ICSC West Regions 8 and 9
ICSC South Regions 3, 4, and 5
ICSC Northeast Regions 1 and 2
ICSC Midwest Regions 6 and 7
Q2
Q3
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
ICSC West Regions 8 and 9
ICSC South Regions 3, 4, and 5
ICSC Northeast Regions 1 and 2
ICSC Midwest Regions 6 and 7
Q2
Q3
28.4% 27.8%
26.5%
33.3% 26.3%
33.2% 28.0%18.0%
% Change
% Change