<\/a><\/p>\n Challenges in Retail Spaces<\/a><\/strong><\/p>\n \u201cTo cut down the occupancy cost, something has to be done with electricity cost. There should be more effective use of open spaces\u201d \u2013<\/p>\n The challenge lies in finding retailers with right productivity mix – who can be a part of the success story of modern retail environment.\u00a0 Unless this productivity increases they cannot match with high cost of real estate.<\/p>\n Small retailers are leveraging the ecommerce market place as sometimes the omni- channel model doesn\u2019t justify the cost for them.<\/p>\n Shubhranshu Pani<\/strong>, JLL<\/p>\n What type of environment can help pull in customers?<\/strong><\/p>\n <\/a>\u201cAs far as design part is concerned, a mall space has to be segregated innovatively. Create zones wherein the brands get effective visibility\u201d \u2013<\/p>\n Ramesh Sanka<\/strong>, DLF Gurgaon<\/p>\n <\/p>\n Revenue sharing model is one way by which real estate developers can to some extent lighten the burden of retailers<\/p>\n Besides shopping facilities foods and entertainment is very important. 15-20% of space should be dedicated to food, whereas internationally it\u2019s 25%, and 20-25% should be given for entertainment.<\/p>\n What makes a good retail space? How does that definition change across emerging markets?<\/strong><\/p>\n <\/a>\u201cMany categories don\u2019t find space in malls \u2013 because they are not enough of them (at a category level) to sustain the market price for that category. There\u2019s a lack in depth of categories. Unless this problem is solved, retail spaces will continue to be expensive \u201d \u2013<\/p>\n Vivek Kaul<\/strong>, CBRE<\/p>\n The revenue sharing model creates a trust and transparency between a retailer and real estate developer. Malls nowadays are built keeping in mind the primary purpose of pulling in customers. It\u2019s not just a mere retail space. Mall developers have realized that there\u2019s a need for creating such environment<\/p>\n\n