The average cost of building different types of malls can be estimated based on the type and common sizes. The variations are reflected in cost differences as the amount of construction will vary. Malls generally have varying features, anchors, and levels. Others have anchor stores, while some do not. Some malls are open-air while others are fully enclosed. Strip malls and neighborhood shopping centers can be hundreds of thousands of square feet, while some may be smaller. Some common malls are strip malls, regional, super-regional, vertical, and outlet malls. Shopping malls are categorized primarily based on size, shape, configuration, and layout. This article will discuss the different types of malls and associated costs. Additionally, malls require the highest quality of building materials and techniques. Building a mall is a complex process that requires the expensive expertise of the developer, the general contractor, architects, and subcontractors. The cost of building a mall typically varies depending on location, size, amenities, construction techniques, site conditions, and tenants.
For example, malls with multiple anchor stores may cost more to build. The cost of building a mall depends on the size and amenities included.
Malls range from small three-store strip malls and large indoor double-story malls to large supercenters with amusement parks.
$2.5 million will get you approximately 10,000 square feet of mall space. However, you can build a neighborhood mall with $2.5 million. You can have three levels, four anchor stores, restaurants, and a movie theater. The Mall of America’s largest mall cost a whopping $650 million to build.įor high-end deluxe supercenters, you can spend $225 million. The average cost of building a mall is $24.9 million, with prices averaging from $25 million to $180 million. Malls are constructed worldwide to provide entertainment, resources, and employment to the local area. There are hundreds of thousands of malls worldwide, with at least 116,000 of those spread across the US.
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