![]() The mall’s size has an impact on the space requirements of your shopping center. ![]() The structure can include both luxury apartments and condominiums. ![]() Lifestyle shopping malls are a relatively new mall concept. In general, the mall is arranged similarly to a traditional mall, an open-air mall without a roof over it, or a large strip mall. This is a type of strip mall that is home to a large anchor store. There are as few as three stores that can be used, and there are as many as 12 stores that can be used. They may or may not have an anchor, nor may they have a large store that attracts customers and eventually moves them to other stores on the strip. A strip mall can be built for as little as $1.8 million or as much as $3.5 million, and its purpose is to serve the needs of a specific neighborhood. Shopping malls can be made up of a variety of shapes, sizes, layouts, and configurations. Despite these effects in 2022, rising construction and material costs will continue to have an impact. In 2020, the construction industry was particularly hard hit by the pandemic. Generally, the cost of starting a shopping mall will range from several million dollars to over one billion dollars. Other factors include the amount of required construction, the number of stores that will be leased, and the type of businesses that will occupy the space. The cost of starting a shopping mall can vary greatly depending on the size and location of the proposed mall.
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