![]() Every member of the construction team is a trained professional, and it takes a team of them to build a shopping center. In addition to indirect fees and mark-ups, a contractor may make an additional $3 million per year. A typical mall contains four anchor stores, two floors, and approximately 56,000 square feet.Ī project manager who manages the daily operations of a shopping mall will cost about 14% ($3.49 million) of the total budget. Realistically, demolition may be required for the construction of a mall, resulting in a significant increase in the cost. It costs an average of $24.9 million to build a medium-sized shopping mall, with land acquisition and clearing accounting for an additional $2 million. ![]() Shops have jobs as well as a variety of businesses. ![]() The holiday season is a prime time for shopping malls, and tourists flock there. Shopping malls and centers are clearly distinguished from downtown and local business districts. ![]() A high-end deluxe supercenter can cost up to $225 million.Īs a unit, a shopping center is designed to combine tenant interaction with merchandise. ![]() The $650 million mall was the largest in the Mall of America. The average cost of constructing a mall is $24.9 million, with prices ranging from $25 million to $180 million. ![]()
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