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In malls, you generally lease a cart from mall management. The cost of leasing depends on the season and mall traffic volume but is usually at least $800 per month for space and a cart, and can get very high in a good location. Some malls charge a percentage of your sales in addition to monthly rent.
Many malls charge by square foot with a range of $18 to $30 and up, per square foot. You'll have to first inquire about shorter-term leases and then figure out what each mall charges in terms of fees, insurance, and deposits.
One advantage of starting a kiosk as a small business is its low cost of entry into the marketplace. Starting investments for a kiosk are in the $2,000 to $10,000 range, about 1/10 or less than the cost for prime rental space in a permanent retail location which can run upwards of $100,000.
All these factors and more are why prices vary so widely. However, we can say that the average mall rent is now $43.35 per square foot as of 2018. At a smaller shopping mall, that price drops lower to about $20 to $25 per square foot.
Retailers in Causeway Bay pay up to $2,878 per square foot annually 27,884, while along Paris' Avenue des Champs Elysees, the average annual rent is $1,368 per square foot 13,255. In South Africa, Sandton City in Joburg to the most expensive retail area at 1,106 R16,917 per square metre.
Basically the rental cost of shops in malls goes around 1 lac to 2 lac monthly. It depends on your how you choose one according to your need.
So for 1,900 square feet, that would cost approximately $3,642 per month. A similarly sized stand-alone building located one-half mile from that store may only be $11 per square foot. For the purpose of writing a business plan, using an average price of $17 per square foot would be a safe assumption in this example.
If your space is 1,000 square feet, that's $6,000 a month in rent. Run the calculation ($6,000 monthly rent ÷ $48,000 monthly gross revenue) and your rent is 12.5% of your monthly gross income.
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