
The average cost of constructing a shopping mall is estimated to be between $24.9 million and $180 million. The price for a luxurious 500,000 square foot supercenter with three levels will be up to $225 million. A traditional mall is estimated to cost $24.9 million on average in the United States. Over 116,000 malls are built in the United States, with the cost varying depending on the size, location, design, layout, and anchor. A parking garage of 150,000 square feet typically costs between $7 million and $12 million to construct in the United States. When it comes to parking, you should expect the mall with restaurants and cinemas to require at least twice as much space as when it is without them. It is critical to consider the number and size of anchors in a mall when constructing a mall. Excavation work can cost as little as $100 per hour, but it can cost up to $500 per hour for difficult-to-reach areas. The average hourly wage for an excavator is $60 to $80. The cost of hiring an electrician for a mall job can range between $300 and $9,000 per hour. Labor costs in the United States are estimated to be around $10 million. Materials costs on a mall construction project average $11.9 million. An architect in the United States costs between $25,000 and $75,000 to complete a project. If the mall design is chosen, it can account for up to 17% of total construction costs. Construction costs are divided into three categories: design, construction equipment, and construction materials. It is critical to break building costs into various categories so that we can easily determine their exact costs. A qualified architect will be required to construct a mall. The average cost of constructing a mall in the United States is $24.9 million. The majority of regional malls are filled with at least two large anchor stores and a restaurant.

Strip malls with a lower density of stores can be built for less money. The average cost of constructing a strip mall is around $250,000. Strip malls draw entrepreneurs and aspiring shoppers together due to their proximity to one another. Strips, regional malls, superregional malls, vertical malls, and outlet malls are examples of mall types.

There are malls that are small three-store strip malls, as well as large indoor double-story malls with arcades and indoor super centers. The average cost of constructing a mall is $24.9 million, with prices ranging from $25 million to $180 million. The total cost of the project will depend on the size of the mini mall and the location.

This price includes the cost of the land, construction, and finishing. It costs between $20 and $30 per square foot to build a mini mall.
