The cost of renting a space ranges between $30 and $200 per square foot, depending on the size and type of shop. Shopping malls are typically constructed in South Africa for around R50 million to R250 million. Jakarta has nearly 200 malls, making it the most mall-rich city in the world. South China Mall, which surpassed Golden Resources Mall in terms of size, is now the world’s largest mall. This is South Africa’s largest shopping mall, and it is the country’s first mall of this kind. A typical mall can house four anchor stores, two floors, and approximately 66,000 square feet of retail space. In South Africa, a shop can cost a lot more than in other countries due to the size and location of the shop, as well as the materials used.
A small mall in a small town could cost around R50 million to build, while a large regional mall could cost more than R1 billion. Final costs are determined by factors such as size, location, and the type of amenities included. In South Africa, a mall’s cost is influenced by a number of factors. Construction costs would also be higher due to the increased size and complexity of the project. The cost of land alone would be more expensive in a larger city.
It would be more expensive to build a larger mall.
This estimate includes the cost of land, construction, and fit-out. It is estimated that it would cost approximately $1.1 million to build a small mall in South Africa.
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