Scribd
Upload
848 views1 page

Us Shopping Center Classification

This document provides a classification and overview of different types of U.S. shopping centers based on their concept, size, tenant mix, and other characteristics. It identifies seven main categories of general-purpose centers (regional malls, community centers, neighborhood centers, strip/convenience centers), two categories of specialized-purpose centers (lifestyle and power centers), and limited-purpose properties like factory outlets and airport retail. The regional mall is described as the largest type of enclosed shopping center with inward-facing stores, while strip centers are the most common but smallest format located along streets. In total there are over 114,900 shopping centers across the U.S. comprising over 7.5 billion square feet of retail space.

Uploaded by

Gaby Mont
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
848 views1 page

Us Shopping Center Classification

This document provides a classification and overview of different types of U.S. shopping centers based on their concept, size, tenant mix, and other characteristics. It identifies seven main categories of general-purpose centers (regional malls, community centers, neighborhood centers, strip/convenience centers), two categories of specialized-purpose centers (lifestyle and power centers), and limited-purpose properties like factory outlets and airport retail. The regional mall is described as the largest type of enclosed shopping center with inward-facing stores, while strip centers are the most common but smallest format located along streets. In total there are over 114,900 shopping centers across the U.S. comprising over 7.5 billion square feet of retail space.

Uploaded by

Gaby Mont
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

U.S.

Shopping-Center Classification and Characteristics


Type of Shopping
Center

Concept

General-Purpose Centers

Center
Count

Aggregate GLA
(Sq. Ft.)

% Share
Typical
of
GLA
Industry Average Size Range (Sq.
(Sq. Ft.)
GLA
Ft.)

Similar in concept to regional malls, but offering more


variety and assortment.

629

779,406,037

10.3%

Regional Mall

General merchandise or fashion-oriented offerings.


Typically, enclosed with inward-facing stores connected by
a common walkway. Parking surrounds the outside
perimeter.

602

356,278,629

4.7%

General merchandise or convenience- oriented offerings.


Community Center
Wider range of apparel and other soft goods offerings than
("Large
neighborhood centers. The center is usually configured in a
Neighborhood
straight line as a strip, or may be laid out in an L or U
Center")
shape, depending on the site and design.
Neighborhood
Center

Convenience oriented.

Attached row of stores or service outlets managed as a


coherent retail entity, with on-site parking usually located
in front of the stores. Open canopies may connect the
store fronts, but a strip center does not have enclosed
Strip/Convenience
walkways linking the stores. A strip center may be
configured in a straight line, or have an "L" or "U" shape. A
convenience center is among the smallest of the centers,
whose tenants provide a narrow mix of goods and personal
services to a very limited trade area.

Specialized-Purpose Centers

Lifestyle
Factory Outlet

Theme/Festival

Category-dominant anchors, including discount


department stores, off-price stores, wholesale clubs, with
only a few small tenants.

1,239,119 800,000+

60-120

3+

50-70%

NA

400,000800,000

40-100

2+

50-70%

40-80
stores

591,825

Full-line or junior department


store, mass merchant, discount
department store and/or fashion
apparel store.
Full-line or junior department
store, mass merchant, discount
department store and/or fashion
apparel store.

5-25 miles

5-15 miles

9,704

1,917,465,373

25.4%

197,595

125,000400,000

10-40

2+

40-60%

15-40
stores

32,374

2,329,128,244

30.9%

71,944

30,000125,000

3-5

1+

30-50%

5-20
stores

Supermarket

3 miles

68,326

903,224,251

12.0%

13,219 < 30,000

<3

Anchor-less or a
small
conveniencestore anchor.

NA

NA

Convenience store, such as a minimart.

<1 mile

250,000437,860
600,000

5-10 miles

3-6 miles

3,213
2,253

986,498,973

13.1%

446

148,407,556

2.0%

349

85,477,304

1.1%

165

23,869,346

0.3%

144,663

52

10,797,739

0.1%

207,649

7,540,553,452

100.0%

65,627

Leisure, tourist, retail and service-oriented offerings with


entertaiment as a unifying theme. Often located in urban
areas, they may be adapted from older--sometimes
historic--buildings and can be part of a mixed-use project.

25-80

3+

70-90%

NA

Category killers, such as home


improvement, discount
department, warehouse club and
off-price stores

10-40

0-2

0-50%

NA

Large format upscale specialty

8-12 miles

10-50

NA

NA

NA

Manufacturers' and retailers'


outlets

25-75 miles

80,000250,000

5-20

Unspecified

NA

NA

Restaurants, entertainment

25-75 miles

75,000300,000

NA

NA

NA

NA

No anchors; retail includes


specialty retail and restaurants

NA

150,000500,000
50,000244,921
400,000
332,752

52

Consolidation of retail stores located within a commercial


airport

Total Industry
Total Industry

Trade Area
Size

Discount store, supermarket, drug,


large-specialty discount (toys,
books, electronics, home
improvement/furnishings or
sporting goods, etc.)

Upscale national-chain specialty stores with dining and


entertainment in an outdoor setting.
Manufacturers' and retailers' outlet stores selling brandname goods at a discount.

Limited-Purpose Property
Airport Retail

Typical Type of Anchors

111,635

Super-Regional Mall

Power Center

Acres

Typical
Number
% Anchor
of
# of Anchors
GLA
Tenants

114,900
Traditional + Specialty + Special Purpose

Sources: ICSC Research and CoStar Realty Information, Inc . (www.costar.com)

114,900

December 2015

You might also like