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EXPLORING LOCAL LEASING TRENDS: ANIMAL ADOPTIONS AND THE GROWING PET INDUSTRY


From local artisan marketplaces at MainPlace Mall to contactless shopping experiences at Hawthorn Mall, Centennial is no stranger to thinking outside the box and bringing in unique concepts to operate pop-up spaces, temporary in-line shops, RMUs and kiosks across our portfolio of shopping destinations. Our local leasing and business development team always keeps a pulse on the latest retail trends and innovative ways to connect your business with shoppers. And while shopping malls are known for being one-stop shops for everyday goods and services, Centennial continues to evolve the shopping experience to bring in new and unexpected uses. One such trending leasing use our team is excited to expand upon in our portfolio is the pet category: from animal adoption centers to pet treat bakeries, businesses dedicated to our “furry friends” are quickly gaining traction in the local leasing world.

With more time spent at home, the pandemic has boosted both pet adoption numbers and pet spending in the U.S., as many turn to a dog or cat for company and comfort while social distancing.
Some key stats about the pet industry:



  • • Animal welfare organizations across the country saw a spike in adoptions since the start of the pandemic: according to reporting by the ASPCA, in March 2020 alone the estimated national adoption rate jumped from 58% at the beginning of the month to 85% by month’s end


  • • More than 67% of American households own a pet; of those 21% say they have spent more on their pets during COVID-19 than they did pre-pandemic (source)

  • • The U.S. pet industry reached an estimated $99 billion in 2020 (source)


  • • According to the latest analysis from F&D Reports, pet industry revenue is expected to grow 7% from 2020 – 2024

Imagine a visit to a Centennial shopping mall where you can pick up the latest trending apparel of the season, get a manicure, enjoy a quick bite to eat, and then come home with a new four-legged family member - and all the needed pet supplies, accessories, and treats, of course! What if while you enjoyed a relaxing visit to a center salon, your pooch also had a place to go to for pampering? From a recently opened pet adoption center at Hawthorn Mall, to an upscale dog boutique and bakery at Pacific City, we’re proud to turn these not-so-traditional mall experiences into reality at our shopping centers today.

Whether you are an established non-profit looking to expand within the community, an animal-loving entrepreneur just starting out, or a current tenant interested in extending your presence with us in this hot category, Centennial offers flexible and unique leasing options to meet your needs. We can accommodate your business or organization with a wide range of move-in ready, turnkey spaces and customizable retail formats. The Centennial team is here to help your business succeed, every step of the way. Contact your Local Leasing & Business Development Representative today to learn more: Contact Us.


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Vernon Hills, IL 60061
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