Superstore spaces entice developers as big malls struggle

…Growth of retail stores driving community malls

Developers are attracted to community malls, also known as superstores or neighbourhood malls, due to their lower construction costs as they ignore the expensive formal retail segment (big malls) of the market.

As a result, community or neighbourhood malls are experiencing exponential growth, driven by tenant/consumer preferences and the growth of retail stores.

In the last five to 10 years, most of the Grade A or big malls have seen vacancy rates in the citie

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