Question
The manager of a shopping mall has noticed a continuous drop in overall mall sales in the last few years. Therefore, she decided that she
The manager of a shopping mall has noticed a continuous drop in overall mall sales in the last few years. Therefore, she decided that she might need to attract some new tenant shops. Her quick glance at the tenant mix indicated that shops selling clothing and footwear appear to be underrepresented in her tenant clientele. She knows that the majority of shoppers who come to her mall are people between 25 and 34 years old. The manager would like to identify the best rent per square foot of leasable area that she should offer to new tenants in the clothing and footwear sector. For that, she hired you as a real estate market analyst and asked you to calculate the purchasing potential of consumers in this age bracket for 2022
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