How much is the monthly rent on a mall retail store?

It depends on which mall you want the get the space from, the square footage of the space, and the term of the lease. Check in with the management of which mall you want to get your space in.

I’m guessing the cost may be similar there as here. About 10 years ago I looked into the monthly rent for stores at Woodfield Mall in Schaumburg, IL (one of the nation’s largest shopping malls). They charged a base rent, plus a small percentage of sales. The rate went up DRASTICALLY for Nov-Dec-Jan. I don’t remember the size of the store I was inquiring about, but it was relatively small, and the average cost over the course of a full year came to something like $50,000 per month. The 3-months of elevated Christmas-shopping rates contributed to a disproportionate amount of the cost.

Edit - Also, I managed a restaurant in a smaller area mall years ago. The restaurant had a 20-year lease which started somewhere around 1979. It was a fairly large space, and the rent was $2500/month. When the lease expired, the new rent would have gone up to $25,000 / month. Its 8 years later - the space is still empty.

I have a search engine on my blog (http://www.reportingstatistics.blogspot.com) that searches only websites that have statistics.

There’s a lot of mall statistics

This article lists some average national figures:

OCCUPANCY, RENT & SALES PER SQUARE FOOT MALL METRICS

When mall REITs reported U.S. mall portfolio occupancy for 2007, results ranged from 91.4% to 95.6% with an average of 93.3 percent. Change in occupancy over 2006 was little, with the average up 60 basis points.

A survey conducted in CoStar Property Professional of existing super-regional and regional malls across all the markets CoStar tracks showed that vacancy increasing consistently since 2001, however, the current average vacancy rate of 3.2% at U.S. malls is still significantly tighter than other shopping center types (lifestyle centers 6%, power centers 5.7%, neighborhood and community centers 8.7%).

The average base rent for the mall REIT portfolios rose 7.5% during 2007 to $36.88 per square foot; while the average rental rate on new leases increased 15% to $40.88 per square foot. Rental rates that mall REITs charge may not represent what’s happening at malls nationally, however; as the CoStar survey showed mall asking rental rates rising consistently through 2006, but decreasing throughout 2007 and now hovering at the level mall landlords were asking in the beginning of 2005.

Mall REITs reported 2007 average sales per square ranging from $346 to $555 with an average of $438, up 2.5% over the 2006 average. This improvement in sales, while much better than the International Council of Shopping Centers’ estimated 1% sales per square foot growth for all U.S. malls during 2007, falls below ICSC’s 4.4% estimate for total retail sales growth during 2007.

BNET is a great website with lots of retail statistics and articles. I don’t know if any of these will help, but here’s some San Franciso mall rent related articles. Of course, I could be typing San Francisco wrong now that I look at it…(my screen is REALLY full of fingerprints from my daughter…)

But didn’t read the whole question before I searched…and I’m supposed to be working..hope this helps!

This is San Fran search results, look here - the Federal Reserve Beige book only had general info no specifics so you can probably skip those…
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