However, for those that live in states such as Texas, Maryland, Ohio, Pennsylvania and the dozens of other states that operate in a deregulated electricity market, there are ways to lower the cost of monthly electricity. These commercial buildings pay exactly what their state-appointed energy utility charges for their monthly electrical costs. In addition to paying for the leased space, maintenance, water and amenities, these shopping centers also need to be able to cover the cost of electricity.įor some shopping centers and strip malls in the United States, there is no negotiating the cost of electricity.

One of the biggest considerations of course is the cost. Of the available gross leasable areas in the United States, shopping malls account for approximately 18%, making them a huge component of the commercial building industry in the United States today.įor the individuals responsible for managing this commercial space, there are a number of considerations to take into account when it comes to managing one of these buildings. These shopping-centers employ more than 12 million people from around the country, making up nearly 10% of the nation?s workforce. According to statistics, there are approximately 109,500 shopping centers throughout the United States, ranging in size and offerings, and the number of malls is only growing and fueling an industry that does more than $2.26 trillion in sales every year. Malls and shopping centers are some of the most profitable commercial buildings in the United States today.

Cost of building a strip mall