Skyrocketing shop rents in major Pakistani shopping malls is forcing menswear apparel businesses to operate online and reduce number of shops. The rent of shops in big shopping malls in Pakistan was higher than the rent charged in US. A shop measuring 1,000 square metres anywhere in North America could be rented for $5,000 per month but in Pakistan rent is much higher.
Mall owners provided space to businesses specialising in men’s clothing at Rs5,000 per square feet while they gave the same area to businesses specialising in women’s clothing at Rs1,500 to Rs3,000 per square feet as sales of women apparel are three to five times higher. Similarly, mall owners and government authorities grant concessions to large businesses but not to smaller ones.
Source: Express Tribune
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