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Footfall—the number of visitors entering a retail space—is a crucial metric influencing property valuation in shopping malls and high-street locations. Higher footfall typically correlates with greater sales potential for tenants, enabling landlords to demand premium rents and command better lease terms. Consequently, properties with robust footfall also enjoy lower vacancy rates and more significant investor interest.
Valuers assess footfall patterns, dwell times, and conversion rates when calculating a property’s market worth. Properties with strong weekday and weekend traffic—complemented by good store mix and customer loyalty—are more likely to witness long-term rental appreciation and stable returns. On the flip side, if external factors (e.g., poor parking or subpar tenant mix) undermine footfall, a property’s potential rental growth and valuation may be adversely impacted.
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