Find in the news:
BY COUNTRY

Rents in shopping malls due to decline during 2015



Savills stated that rents in suburban malls in Singapore are due to decline by around 3%.

Most of the new retail space due to flood the market during 2015 will become available in central areas.  This is in sharp contrast to 2014 when most of the supply was based in suburban areas.  Some of the developments due to open during this year include the National Gallery Singapore, South Beach and Capitol.

Retailers in Singapore have been adversely affected by falling numbers of visitors and an increase in labor costs.  The latest available figures indicate that retail sales, excluding sales of vehicles, have declined by 0.4% during November 2013, compared to the previous year.  The Singapore Tourism board has indicated a 3.1% decline in international visitors during 2014, compared to the 2013 figure of 15.6m.

According to Savills, the vacancy rates may remain at a low level during this year as any drop in rents will receive interest from potential tenants.

Savills estimates that prime retail rents on Orchard Road will reach $32.90/ft² per month from the third quarter.  This will be the first drop after four quiet quarters.  However, prime suburban mall rents should remain firm at $31.10/ft² per month as businesses in malls within large catchment areas remain strong.

More about shopping malls in Singapore



YESTERDAY, USA:
It will be the most significant expansion in Sephora's history, demonstrating its confidence in the retailer's future.
YESTERDAY, USA:
Shortly, 17 Apple mini-stores will open in hypermarkets across the country. The company intends to start opening such outlets in the fall.
DAY BEFORE YESTERDAY, India:
The vast mall's construction will cost $760 million, and the project is expected to be completed in seven years.
DAY BEFORE YESTERDAY, United Kingdom:
The brand plans to close 95 stores nationwide while paying reduced rent for the remainder of the term.
Feb 24, 2021, USA:
Old Spice Barber Shop will also serve as a brand store, digital content studio, and experience lab for new product developments.
Feb 24, 2021, USA:
The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Friend
and Follow
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us