Exhibit 23.1

                      CONSENT OF INDEPENDENT ACCOUNTANTS
                                       
         We consent to the incorporation by reference in the registration 
statements of The Macerich Company on Form S-3 (File No. 333-21157), Form S-3 
(File No. 333-38721) and Form S-8 of our report dated March 17, 1999, on our 
audits of the consolidated financial statements and financial statement 
schedule of The Macerich Company as of December 31, 1998 and 1997 and for the 
years ended December 31, 1998, 1997 and 1996, which report is included in the 
Annual Report on Form 10-K.

PricewaterhouseCoopers LLP
Los Angeles, California
March 29, 1999










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