Market Analysis for Shopping Centers
Terms and Definitions Shopping Center - A tract of land, under individual or joint real estate ownership or control, improved with a coordinated group of retail buildings with a variety of stores and free parking. Types - Neighborhood, Community, Regional, Specialty or theme center, highway related, strip commercial Terms and Definitions Neighborhood Typical tenants - Convenience goods Grocery, Drug, Personal Services Typical Size and Trade Area 30,000 to 100,000 square feet gross leasable area 4 to 10 acres of land 5,000 to 40,000 population, 5 to 6 minute driving time; 1 to 1.5 mile primary trade area