Why do high-street retail properties generate higher revenue per square foot than malls?

High-street retail properties command higher revenue per square foot compared to malls due to prime locations, diverse foot traffic sources, and lower operational overheads:

• Prime Locations: High streets exist in historic or central business districts with limited leasable spaces but strong consumer demand.
• Diverse Foot Traffic: Pedestrian flow from office-goers, tourists, and local residents ensures consistent customer engagement throughout the day.
• Cultural Appeal: Events like street performances or festivals enhance footfall while supporting community engagement.
• Lower Maintenance Costs: Compared to malls with shared facilities costs (like security or HVAC systems), high-street tenants face reduced operational expenses.

This combination of visibility, prestige, and cost-efficiency ensures that high-street properties remain a preferred choice for luxury brands seeking flagship store locations in India.