In order for a lifestyle hub to qualify as the best shopping mall, there are certain factors to consider. Current figures show that occupancy rates are increasing, with a nationwide vacancy rate of under 8%, and a number of hot markets under 3%. What this means is that you can expect over 90% occupancy rates through most of the urban areas of the country (it’s harder to fill rural strip malls, so be warned), and expect on average about 15% churn (new tenants moving out and being replaced) per year.
Showcasing six floors of small shops as well as privately operated outlets, this new shopping mall is ideal for good deals on all kinds of clothing, which includes denim jeans, shirts, shorts, hats and caps, footwear, hand bags, jewelry, swimming wear as well as accessories of any kind.
Don’t overlook the cultural opportunities for a shopping center; many of the layout arrangements that make for aesthetically pleasing, friendly shopping experiences can also be used for small open air concerts or small theater productions; in addition to pulling more customers into the mall, it’s a point of differentiation that, in a world where over 800 shopping centers, totaling 106 million feet of floor space were opened last year, is critical.
The alternative to all this is to shop an online shopping mall that offers rebates each and every time you shop. This enables the landlords to offer the property for a shorter duration and at a cheaper lease rate to the retailers. Case studies have also given a fair insight of indoor navigation user experience inside a shopping mall.
Bangalore, Delhi, Mumbai, Baroda, Uttar Pradesh, Haryana etc are some cities that can be named out of the many that have undergone the process of development and have numerous malls for people to shop around. A special day of sale is one of the things that attract people to flock to a shopping center.