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Rental Rates of Commercial Space at Shopping CentresThis is a thread in the Retail Space Rental Rates Discussion forums.Hi All Does anyone know the indicative rental rate for those choice, entrance level retail shop fronts in the big, ... |
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27-03-2008, 03:09 PM
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#1 |
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Junior Member
 Join Date: Mar 2008
Location: Singapore
Posts: 6
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Rental Rates of Commercial Space at Shopping Centres
Hi All
Does anyone know the indicative rental rate for those choice, entrance level retail shop fronts in the big, popular malls? Nowadays I see only the big branded chains dominating such retail space, so my assumption is that the rates must be shockingly high!  Any ideas? Thanks! |
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05-04-2008, 12:52 AM
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#2 | |
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Senior Member
Join Date: Aug 2007
Location: City Plaza #02-33
Posts: 219
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Re: Rental Rates of Commercial Space at Shopping Centres
Quote:
When reading these numbers, please bear in mind that they are outdated rates, of different floor area (more meaning to compare by psf) and where they sit on the ground floor will also make a difference to the rental as well. Unfortunately, I will not reveal the shopname/unit number here. Raffles City (Ground floor) - $16k Raffles City (1st floor) - $13k Bugis Junction (Ground floor) - $14k Bugis Junction (Ground floor) - $10k Wisma (Basement) - $26k As far as operating expenses are concerned, rental and staff costs usually form the bulk of each month's running costs. So can you imagine how much sales one need to make in order to cover rental, staff costs and cost of goods sold? Hence, it is not surprising that we only see the big boys playing on the ground floor. Getting into these popular malls, sitting in prominent location within the mall..... it's like a form of branding for them......  |
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08-04-2008, 11:17 PM
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#3 | |
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Member
Join Date: Dec 2007
Location: East Coast
Posts: 15
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Re: Rental Rates of Commercial Space at Shopping Centres
Quote:
$5,200/$6,300 per mth at Hylam Street & BHG B1(Off Peak/Peak) $3,000/$4,600 per mth at Malay Street(Off Peak/Peak) Cineleisure Daily Hire Rate(Subject to prevailing GST) Off Peak From $60 to $100 Normal From $90 to $130 Peak From $100 to $150 Festive From $ 130 to $300 The lease term will be from minimum 1 week to a maximum of 12 weeks. |
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28-04-2008, 04:37 PM
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#4 |
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Member
Join Date: Apr 2008
Location: Singapore
Posts: 22
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Re: Rental Rates of Commercial Space at Shopping Centres
Where got so cheap
At entrance of IMM. 70K Wisma basement, facing MRT, facing the aquarium. 70K Suntec can go as high as 40K for a so so location Vivo one 300 sq ft - 10K Lucky plaza, giodano that type. 80+K Shophouses at popular locations, 15+K |
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28-04-2008, 11:38 PM
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#5 |
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Member
Join Date: Dec 2007
Location: East Coast
Posts: 15
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Re: Rental Rates of Commercial Space at Shopping Centres
the price quoted are for push cart space
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05-05-2008, 12:15 AM
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#6 |
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Junior Member
Join Date: Mar 2008
Location: Singapore
Posts: 6
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Re: Rental Rates of Commercial Space at Shopping Centres
OK I was right. It's shockingly high :P
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05-05-2008, 05:59 PM
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#7 |
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Junior Member
Join Date: Apr 2008
Location: ADMIRALTY DRIVE
Posts: 2
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Re: Rental Rates of Commercial Space at Shopping Centres
anyone already an existing push cart owner and willing to share the rental cost?
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06-05-2008, 01:05 AM
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#8 |
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Member
Join Date: Apr 2008
Location: Singapore
Posts: 22
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Re: Rental Rates of Commercial Space at Shopping Centres
Anybody who wish to give up their slot, can contact me
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06-05-2008, 03:10 PM
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#9 |
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Member
Join Date: Apr 2008
Location: alexandra
Posts: 25
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Re: Rental Rates of Commercial Space at Shopping Centres
jovial...what r you selling?
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06-10-2009, 07:24 PM
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#10 |
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Senior Member
Join Date: Mar 2009
Location: town
Posts: 123
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Re: Rental Rates of Commercial Space at Shopping Centres
singapore retail industry is dead...cannot make much profit and in fact lucky to survive thru...hahah
 i already give up....it will only can act as an platform branding for expanding to overseas just like AK Kuan, breadtalk, street 77 .....and apply government support...that will be the objective..2 cents opion  |
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