List of the 400 largest US Retail Real Estate Developers [2025]

Ranking: list of the top 10 US retail real estate developers

The retail property sector in the United States plays a critical role in shaping consumer experiences, urban landscapes and economic growth. Retail property developers are responsible for the design, construction and management of shopping centres, mixed-use developments and stand-alone retail properties. These developers work with major retail brands, investors and local governments to create dynamic commercial spaces that meet evolving consumer demands.

The industry has undergone significant change in recent years, driven by the growth of e-commerce, changing consumer behaviour and the increasing demand for experiential retail spaces. Developers are now focusing on innovative design, sustainability and technology integration to enhance the shopping environment and attract tenants. Mixed-use developments, which combine retail with residential, office and hospitality space, have become a popular trend, providing greater convenience and engagement for consumers.

One of the major retail property developers is Simon Property Group, a leading US REIT headquartered in Indianapolis, Indiana. The company owns, develops and manages an extensive portfolio of Class A malls, outlet centers and mixed-use properties across the country.

Recently, Simon has shifted its focus to revitalising second-tier malls, with the aim of modernising outdated properties and attracting higher-paying tenants. It is adding healthcare, entertainment and big-box retailers to locations such as Smith Haven Mall on Long Island. In 2025, Simon plans to invest $400 million to $500 million in mall redevelopments that will include residential, hotel and office space.

In the following, we present the 10 largest US retail real estate developers from our list:

Included data points

You can get an overview of the largest retail real estate developers through our list. In detail, the list offers the most important data points to get in touch with the most important developers:

• Name
• State
• Address
• Executive names
• URL
• E-Mail
• Phone number
• Investment focus (Residential, Office, Retail, Logistics, Light Industrial, Hospitality, Development, Other)
• Assets under management (if available on the website)
• Date of the last update, last check and an update log

Image source: Jimmy Chang