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Retail Spaces in Malls

Retail Spaces in Malls

The cost of operating high-street retail stores Is exorbitant, specially in Metro cities like Delhi, Mumbai, Gurgaon, Bangalore etc,. High rentals are a drain on the revenue receipts, which translates into more loss than profit for these brands. Shopping malls, physical retail locations do provide unique experience to customers for Brand success. Developers advertise retail spaces or shops in malls as great investment opportunity. Many also provide assurances of guaranteed income. Premium mall, rentals soar as demand outstrips supply of quality spaces. Mall spaces are perfect for pop-up stores because there are so many different configurations of spaces available, all surrounded by other retailers, brands, and shops that drive higher levels of traffic compared to permanent locations. Plus, there are so many different types of shoppers that enter malls that it’s easy to attract new customers as well as reach your target demographic.
Retail Space Across Prime Malls

Retail Space Across Street Market

High streets where one can see some of the most prominent businesses and retail showrooms. It is easy to identify such locations, because of the way they attract crowds, even from far-flung areas. High-street retail stores have recorded to have higher average sales than those of malls. This is because consumers already anticipate a purchase before entering the retail store, whereas malls entice a more shopping-cum-strolling incident, where no real purchase on behalf of the customers can be guaranteed.

It is of no astounding surprise that high street retail stores are the new royals in town. There has been a visible and understandable shift, as consumers are tilting their preferences more towards high-street retail stores than conventional shopping malls.

Demand for Quality Retail Space across Prime Malls & High Streets

According to the report, backed by strong footfalls, demand for quality retail space across prime malls and high streets witnessed an uptick in all big cities.

Homeware and department store brands, F&B players, and fashion & apparel retailers with a strong customer base, brand recognition, and an ability to create their own retail ecosystem opened stores in secondary and peripheral locations.

As consumers return to more normal shopping and socialising patterns and populate malls again, India’s retail real estate market is responding to significantly improved footfalls.

Going by the high leasing volumes by occupiers across categories and the momentum witnessed in the tier 2 and 3 cities, mall developers are finishing their projects and rapidly adding new inventory.

Retail Space across Prime Malls & High Streets

Our Offerings in Retail Services include:

✓Strategies for entering the market
✓Location advisory
✓Property Sourcing
✓Transaction Management for Sale & Leasing
✓Relocation Services

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