Leasing space – Renting out space in your mall can cost anywhere between P100-P200 per square meter per month depending on how prominent the space will be when it opens up for business. Parking spaces – Each parking space costs around P3,500 per square meter so if you plan on having 500 parking spaces, expect to spend around P1.75 million just for this alone! If you want to hire both, expect to pay around P20 million. If you want to hire a contractor, expect to pay up to P30 million. Land acquisition – A small lot of land may cost around P5 million while a large lot could cost as much as P50 million.īuilding construction – If you want to build your own building, expect to spend around P10 million. The following is an estimate of what it costs to build a mall in the Philippines: It is also dependent on whether you are building a shopping center or an office building. The cost to build a mall in the Philippines varies depending on the size and location of the mall. Many factors can influence how much it costs to build a mall, including its location and size Cost to build a mall Additionally, some malls are built from scratch while others are converted from existing buildings or landfills into shopping centers. The cost of construction materials has also increased over time due to inflation, which can affect the total price tag of building a mall. Smaller malls typically cost less than larger ones with more stores and attractions. The size of the mall also plays a large role in how much it costs to build. For example, new malls built in high-traffic areas such as shopping districts or near large cities will be more expensive than those located outside of major metropolitan areas. The cost to build a mall depends on several factors, including location and size. The cost to build a mall is an enormous undertaking and is one of the most expensive real estate projects in the world.

Building a mall cost