figure 1-1

Shopping Center Inventory in the United States as of December 31, 1998

<table><thead><tr><td>Size (Square Feet)</td><td>Number of Centers</td><td>Total Square Feet Gross Leasable Area (000)</td><td>Total Retail Sales (000)</td><td>Average Sales per Square Foot</td></tr></thead><tbody><tr><td>Less than 100,001</td><td>27,317</td><td>1,340,389</td><td>$299,744,066</td><td>$223.62</td></tr><tr><td>100,001-200,000</td><td>10,581</td><td>1,457,834</td><td>$262,245,650</td><td>$179.89</td></tr><tr><td>200,001-400,000</td><td>3,696</td><td>988,317</td><td>$157,708,427</td><td>$159.57</td></tr><tr><td>400,001-800,000</td><td>1,354</td><td>752,027</td><td>$133,674,646</td><td>$177.75</td></tr><tr><td>800,000-1 million</td><td>319</td><td>287,346</td><td>$65,791,291</td><td>$228.96</td></tr><tr><td>More than 1 million</td><td>395</td><td>506,648</td><td>$113,221,013</td><td>$223.47</td></tr><tr><td>Total</td><td>43,662</td><td>5,332,561</td><td>$1,032,385,093</td><td>$193.60</td></tr></tbody></table>

Source: Shopping Center Directions, no. 25 (Chicago: National Research Bureau, Spring 1999), p. 1.