Monday, February 22, 2016

Leasing - strategy for mall Performance

Leasing is not a very simple term as it sounds. Lot of things is taken care when it comes to leasing. Which Brands, which place, local customer taste, market demand, offerings, psychology, decision making criteria, buying behavior, tastes & preferences & motivations or driving force behind purchase decision should be carefully examined & inferred. The consumers of that region are observed over time to have spent more on food than clothing, and then a few good restaurants & fast food corners are a must for the success of that mall.

Success or Failure of Mall mostly depends on leasing. The presence of a strong Anchor store is very important to pull the customer base and act as shield to protect the brands. There must be local/regional brands to target the customers. Consumer behavior including the study of consumer psychology, tastes & preferences are important the factors which can influence their buying behavior in a positive direction.