Some strip malls and neighborhood shopping centers can be hundreds of thousands of square feet, while some indoor enclosed malls may be much smaller. There can be overlap, flexibility, and size ranges within these categories. Generally, they fall loosely into a range of categories. Shopping malls come in many shapes, sizes, layouts, and configurations. This helps lock in prices before they can rise again and get your start date set before delays can occur.
If you are planning on building a new mall in 2022, you may want to sign a contract sooner than later. This can lead to longer wait times as more malls and open-air shopping centers are being constructed or older malls are renovated. Open-air malls are becoming increasingly popular, as is an uptick in indoor shopping. While indoor shopping has seen a decline over the last two years, the mall industry is expected to change. This is coupled with labor shortages, making construction times longer than normal. Malls, which use large amounts of concrete, glass, and plastics that are experiencing supply issues and volatile pricing, are significantly impacted in the coming year. This impact is still felt in 2022, with rising construction costs and fluctuating material prices. The construction industry was seriously impacted by the pandemic in 2020 like many other industries and professions. Added an FAQ section with 5 questions and answers.Ģ022 Notice: The Effect of the Pandemic on the Construction Industry.Updated the additional considerations section with information on permits, layout, space planning, and attraction.Updated the enhancements section with information on parking garages and demolition.Added a section on the average mall rents.Added a section on the difference between an outlet and a mall.Added a section on the number of stores in a mall.Added a section on the cost breakdown of building a mall.Added a section on the amount of space needed to build a mall.Added a section on the cost to build a mall by type with a table and subsections.Updated the final costs with a new average range.Updated the introduction with a new project scope, project costs, and an average cost range.Added external references to the end of the guide.Updated the FAQs section with new costs and information.Updated the Additional Considerations and Costs section with titles and new information.Updated the Enhancements and Improvement Costs section with new costs and information.Updated the Mall Rent Rates section with additional information.Updated the Outlet vs Mall section with new information.Updated the Average Number of Stores in a Mall section with new information.Updated the Mall Construction Cost Breakdown section with new information and tables to replace the bullet points.Updated the Shopping Mall Space Requirements section with additional information.Updated the Shopping Mall Cost by Type section with new information and costs.Added the 2022 Notice: The Effect of the Pandemic on the Construction Industry section.Updated the Final Costs with new project descriptions.Updated the introduction with new project costs and descriptions.
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