How Much Does It Cost on Average to Lease a Store Space at a Mall?
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Prices for leasing store space in a mall vary depending on location and market factors such as supply and demand. The national average mall retail space cost in 2015 was $41 per square foot, according to the International Council of Shopping Centers.
Retail rental space covers a wide range of per-square-foot costs, which fluctuate for reasons both fixed and dynamic. An indoor mall typically charges more than an outdoor mall in the same area, says About.com. Some rental prices include utilities and maintenance. For additional fees, renters can sometimes make improvements to a space, according to FindLaw. Renters can negotiate the terms and lease of a retail rental agreement, including annual rent increases, if applicable.
