What role do mixed retail shops play in the success of a shopping mall?

You are currently viewing What role do mixed retail shops play in the success of a shopping mall?
  • Post last modified:October 22, 2021

If there was one thing that has made the most difference in the way we shop today, it has to be the emergence of shopping malls in almost every big and small city ad town in the country. However, shopping mall developers and businesses that have shops in those malls have to deal with several challenges to be successful.

Developers need to ensure that their mall has little competition. This is why the developers of Himalaya City Center need to be appreciated for finding a commercially untapped location in Raj Nagar Extension, Ghaziabad. Himalaya City Center is the first shopping mall in Raj Nagar Extension and one of the very few shopping malls in Ghaziabad that needs to be praised for their architectural brilliance and space utilisation amongst other things. Now you know who you should contact if you are looking to buy a commercial shop in Raj Nagar Extension.

One very important aspect of high-street commercial projects in Ghaziabad and other locations is the presence of mixed retail shops catering to the interest of potential buyers. This is what makes some shopping malls witness huge footfall every day. The right mix of retail shops in a mall in Raj Nagar Extension would depend on the locations, its people, and their demographics.

Now the success of a high-street retail project in Raj Nagar Extension like Himalaya City Center or any other project in any other location will depend on the mix of retail shops that occupy the commercial space. The space they operate from will also have a big impact. Most shopping malls have some big retail names to drive traffic along with small and medium sized businesses that complement the big names in some or the other way.

The mix of retail shops in a shopping mall not only affects the success of businesses inside it but also plays a very important role in making the property desirable for potential buyers. For instance, a shopping mall with more than a few shops serving the same cuisine would do neither of them any good. It will become very difficult for all of them to do well. And they will be more likely to lookout for another shopping mall with less competition.

The retail shop mix of a shopping mall depends on various factors. First of all, the surrounding market plays an important role. The demographics and income of people living within a few kilometres away from the mall is a key consideration. This is also important for people looking to but a shop in a shopping mall. If there aren’t enough buyers, it wouldn’t be wise to invest money. Another important factor to consider for buyers is to check if there is more than necessary competition inside the mall as well as the local markets in the vicinity. Himalaya City Center gives you a great opportunity to own a commercial shop in the largest Commercial of Raj Nagar Extension, Ghaziabad; one of the most rapidly developing locations in Delhi NCR.