For example, if you are looking for a limited number of tenants in an urban area, it may cost more than building in a rural area where there is less competition and more available land.īuilding permits will also affect construction costs because they vary from state to state and even from county to county. The construction costs depend on many factors, including the amount of space you need, the size of each store and the location. The following are some examples of common costs for building a strip mall: Construction Costs The type of store, the size of the store, and whether or not you have a tenant lined up all have an impact on how much it will cost to build a strip mall. The cost of building a strip mall depends on many factors. The average cost to build a strip mall ranges from $2 million to $3 million. The cost of building a strip mall depends on several factors, including the size of the mall, what type of materials you use and how many tenants you have. Smaller projects can be completed within 30 days, while larger ones may take several months or longer to complete. You may also need additional costs for utilities and parking areas if they are not included in the initial price of construction.Ĭonstruction time varies depending on size and complexity of your project. This includes designing, engineering and constructing the site. The average cost of building a strip mall ranges from $60 per square foot to $100 per square foot, depending on the size and complexity of your project. Once you have these two pieces of information, you can get started on the design phase of your project. The first step is to decide how much you want to spend, and the second step is to determine how much space you need for your business.

How much does it cost to build a strip mallīuilding a strip mall can be a complex project with many variables. Store owners rely on one another for referrals and business, like small businesses always have. There should be a variety of stores so people can purchase what they need from different stores in close proximity.

An array of businesses that draws a large customer base is what is required to make a strip mall successful. There are strip malls, then there are strip malls.

Cost of building a mall