How much does it cost to build a mall?

Answer

Why type of mall is being considered? What is the local building code like and what sort of work is required to improve the local roads or other infrastructure details?

The price varies depending on the size of the mall and the features you want. A high end mall full of designer shops will have a high specification and likely be in a more expensive compared to build a small strip mall where limited parking is needed. Other things that can cause the costs to vary are the number of washrooms, how many elevators if more than one floor, multi-story car parks, signaling upgrades for local intersections, tax assessments to fund the impact to the local community, cost of the property and so on.

Also remember the cost of maintenance should be factored in as well. Enclosed malls with central water features, snow removal and other seasonal issues that impact the design and construction requirements such as HVAC. Any required mass transit facilities to bring in shoppers and reduce the number of car journeys. Environmental and transport studies plus the general planning plus permit processes.

The list can go on and on and is very much based on the specific mall being considered.

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