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! :roll:

Any ideas?

Thanks!

Re: Rental Rates of Commercial Space at Shopping Centres
 

Yes, they are. Below are the quotes I managed to dig out but the rates were 3yrs ago, meaning that they could potentially be much higher now...

When reading these numbers, please bear in mind that they are outdated rates, of different floor area (more meaning to compare by psf) and where they sit on the ground floor will also make a difference to the rental as well.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 u 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...... :juggle:

Re: Rental Rates of Commercial Space at Shopping Centres
 

Bugis
$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.

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

Re: Rental Rates of Commercial Space at Shopping Centres
 

the price quoted are for push cart space

Re: Rental Rates of Commercial Space at Shopping Centres
 

OK I was right. It's shockingly high :P

Re: Rental Rates of Commercial Space at Shopping Centres
 

anyone already an existing push cart owner and willing to share the rental cost?

Re: Rental Rates of Commercial Space at Shopping Centres
 

Anybody who wish to give up their slot, can contact me

Re: Rental Rates of Commercial Space at Shopping Centres
 

jovial...what r u selling?

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:laff: 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:coffee:

Re: Rental Rates of Commercial Space at Shopping Centres
 

What were u selling, batman?

Re: Rental Rates of Commercial Space at Shopping Centres
 

Hi sunflower,

In retail more than 10 yrs. So you ask me what i sell? From apparel to toy, stationary and IT products. You have good lobang for me? haha

Been to city square see see....still many shop not open. Metro also beat fly...hahaa.....sorry if offence anyone there....

Re: Rental Rates of Commercial Space at Shopping Centres
 

hi sunflower,
is the rental at city sq mall expensive?and the crowd there how?

Re: Rental Rates of Commercial Space at Shopping Centres
 

anyone know who's the marketing agent for TripleOne Somerset (the Singapore Power building), and what the indicative rental rates? TIA :D

Re: Rental Rates of Commercial Space at Shopping Centres
 

is it marketed by Knight Frank?

Re: Rental Rates of Commercial Space at Shopping Centres
 

SCAPE Cineleisure....
Anyone went to check? and enquired?

Re: Rental Rates of Commercial Space at Shopping Centres
 

Sunflower,

I believe it is also marketed by Knight Frank.

Re: Rental Rates of Commercial Space at Shopping Centres
 

not sure. only saw that new scape building (beside cineleisure) is marketed by knight frank

Re: Rental Rates of Commercial Space at Shopping Centres
 

fancypocket, pokerface, YES.

Scape is marketed by Knight Frank. TOP end of Feb.
They have approached me to go view and take up a space.