How much does building a mall cost?

July 2024 · 2 minute read

According to Hawkins Research, Inc., most mall projects use materials and techniques that fall under the “Best” classifications to keep insurances and bonding at their lowest prices. Such a building would run at an average of $24.9 million to complete.Click to see full answer. In this way, how much does it cost to build a mini mall?Such a building would run at an average of $24.9 million to complete. This does not include acquisition of the land or any demolition costs, however. The above figures place this construction at a $442 per square foot cost, though a national average of stands between $325 and $450 for many mall projects.Additionally, how much is a mall worth? Even though many shopping malls are currently suffering, some are doing surprisingly well. The most valuable malls in America are worth well over $2 billion each, according to a CNBC report on data from Boenning & Scattergood. Correspondingly, how much does a mall owner make a year? The company said net income rose to $571.1 million or $1.84 per diluted share in the last quarter, up from $394.4 million or $1.26 per share in the same period the previous year. For all of 2017, net income increased to $1.94 billion or $6.24 per diluted share, up from $1.83 billion or $5.87 per share in 2016.How much does it cost to build store?Chain Store Age’s annual survey of retail build-outs put the average cost at $56.53 per square foot. If you use that formula, then it will cost $280,000 for a 5,000-square-foot store build-out.

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