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Apple Stores now worth average of $4,709 per square foot

updated 01:10 pm EST, Tue January 24, 2012

Some stores worth far more than others

Apple Stores are now selling an average of $4,709 in goods per square foot, an amount nearly equivalent to the value of the White House, says real estate site Zillow. The White House is estimated to be worth about $4,752 per square foot, although for different reasons. Some luxury retailers are believed to have greater value than Apple, but not any chain based within the US.

The closest competitor is jeweler Tiffany's, which is nevertheless well behind at $2,974 per square foot. Apple has only been operating retail stores for about 11 years, with most of its expansion happening in a much shorter space of time. By October of last year the company had already reached 357 outlets worldwide.

Throwing the significance of Apple's value off somewhat is the disparity between stores. While some see extremely high traffic, such as its Fifth Avenue and Grand Central locations in New York City, many shops are smaller mall-based locations in less populated cities. Apple has been upgrading some outlets to accommodate increasing traffic.




by MacNN Staff

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  1. climacs

    Joined: Dec 1969

    +8

    the equivalent figure for Microsoft stores

    would be, what, $10/sq ft?

  1. The Vicar

    Joined: Dec 1969

    -3

    Unrealistic

    These figures are typically kind of stupid -- the real estate equivalent of those columns which conclude that because the components needed to build an iPhone cost $X, the iPhone's price should be lowered to $X, because R&D, engineering, software development, technical support, sales, and PR all cost nothing.

    At the peak of the Japanese boom, it was said that the value of the land under the Imperial Palace was worth more than the entire state of California. This is obviously nonsense, but it was a figure produced by the same sort of person who produced that figure for the White House.

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