How do malls work? Do the owners charge stores rent or do they get a profit of the merchandise sold or done? About how much does a average mall owner make a year?
2007-03-17 10:55:38 · 3 answers · asked by hallj12 1 in Business & Finance ➔ Careers & Employment
They charge rent to the stores.
2007-03-17 11:02:51 · answer #1 · answered by aly 5 · 0⤊ 0⤋
The mall is usually owned by a real estate holding company, which does charge rent to the individual stores. I think an "average" yearly income would be fairly meaningless, because it would vary so much depending on the location, the size of the mall, and the particular stores included.
2007-03-17 10:57:15 · answer #2 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 0⤋
A mall isn't owned by one person....at least i don't think. I thought a mall was a place were a bunch of companies and stores settled buisnesses. Check out the definition on Google.
2007-03-17 10:58:43 · answer #3 · answered by Nicole F 2 · 0⤊ 0⤋