Business News
High Street Malls Gain Popularity Among Retailers, Here's Why
May 21, 2024
New Delhi [India], May 21: Amidst the increasing number of ghost shopping malls in the country, there's positive news surrounding the high street malls. High street malls are becoming a favored destination for retailers due to the rapid opening of new stores. Recently released data from Knight Frank states that high street malls earned an average of Rs 30,893 per square foot in 2023. The potential consumption in 58 high street malls across 29 cities is estimated to exceed Rs 2500 crores. Potential consumption per square meter in high streets is 238 per cent higher than operation shopping centres in 29 cities, mainly due to high commercial density in some categories that only perform better in high street malls.
Read More..
