CHEEKTOWAGA, N.Y. — From an occupancy standpoint, the Walden Galleria is the most successful shopping center in the region — but financial numbers show a different story.
Over the last 12 months, the Walden Galleria has seen big wins, like drawing huge national tenants — Barnes and Noble just opened a small-footprint store there, for example — and maintaining high occupancy levels.
The shopping center's average rent revenue based on its occupancy levels, however, dropped 30% from 2021 to 2023. And 2024’s outlook looks even bleaker, though data is available only from January through June 2024.
Read more from our partners at Buffalo Business First.
