Retail experiences and pop-up shops are two other emerging areas in which malls and rental properties may expand. In today’s retail environment, companies want to create more personalized experiences than a typical store. In fact, as long as malls remain vibrant, shoppers can still check out their favorite stores and discover new ones. A temporary retail experience is all about finding the ideal location where customers will interact with the product or service you are providing. On Peerspace, there are storefront spaces that range in price from $40 to $250 per hour. Peerspace, the world’s largest online marketplace for hourly venue rentals, offers retail space as well. The biggest expense is usually the cost of the security guards and the cost of the cleaning crew. But, once the mall is built, the costs associated with running the mall are relatively small. The cost of the land, the cost of the construction, the cost of the fixtures and the cost of the inventory can all add up to a very large number.
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