Help Desk
Shopping Center
Subtype |
Definition |
| Community Center | Community centers reflect a general merchandise or convenience concept and typically encompass 100,000 to 350,000 square feet of GLA, including anchors, on 10 to 40 acres. They will typically have two or more anchors (discount department, supermarket, drug, home improvement, large specialty discount) with a 40 to 60 percent anchor ratio (the share of a center’s total square footage that is attributable to its anchors) and a primary trade area (the area from which 60 to 80 percent of the center’s sales originate) of three to six miles. |
| Fashion/Specialty Center | Fashion/specialty centers reflect a higher-end, fashion-oriented concept and typically encompass 80,000 to 250,000 square feet of GLA, including anchors, on 5 to 25 acres. They will typically have fashion-oriented anchors with a primary trade area of 5 to 15 miles. |
| Free Standing Store | A building that is not attached to another building. |
| Grocery Anchored | A shopping center that is anchored by a major grocery store. |
| Neighborhood Center | Neighborhood centers reflect a convenience concept and typically encompass 30,000 to 150,000 square feet of GLA, including anchors, on three to five acres. They will typically have one or more anchors (supermarket) with a 30 to 50 percent anchor ratio and a primary trade area of three miles. |
| Outlet Center | Outlet centers reflect a manufacturers’ outlet stores concept and typically encompass 50,000 to 400,000 square feet of GLA, including anchors, on 10 to 50 acres. They will typically have manufacturers’ outlet store-oriented anchors with a primary trade area of 25 to 75 miles. |
| Power Center | Power centers reflect category-dominant anchors with a few small tenants and typically encompass 250,000 to 600,000 square feet of GLA on 25 to 80 acres. They will typically have three or more anchors (category killer, home improvement, discount department store, warehouse club, off-price) with a 70 to 90 percent anchor ratio and a primary trade area of 5 to 10 miles. |
| Regional Mall |
Regional centers reflect a general merchandise or fashion-oriented concept and are typically enclosed malls encompassing 400,000 to 800,000 square feet of GLA on 40 to 100 acres. They will typically have two or more anchors (full-line department store, junior department store, mass merchant, discount department store, fashion apparel) with a 50 to 70 percent anchor ratio and a primary trade area of 5 to 15 miles.
Super-regional centers/malls are similar in concept to regional centers but have more variety and assortment. They typically encompass 800,000+ square feet of GLA on 60 to 120 acres. They will typically have three or more anchors (full-line department store, junior department store, mass merchant, discount department store, fashion apparel) with a 50 to 70 percent anchor ratio and a primary trade area of 5 to 25 miles.
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| Strip Center | A strip center is an 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 walkways linking the stores. A strip center may be configured in a straight line, or have an "L" or "U" shape. A strip center is among the smallest of centers, whose tenants provide a narrow mix of goods and personal services to a very limited trade area. A typical anchor would be a convenience store like 7 - Eleven or other mini-mart. |
| Theme/Festival Center | Theme/festival centers reflect a leisure, tourist, retail and service-oriented concept and typically encompass 80,000 to 250,000 square feet of GLA on 5 to 20 acres. They will typically be anchored by restaurants and entertainment-oriented tenants with a primary trade area of 25 to 75 miles. |
| Mixed use | A shopping center property containing a combination of uses where shopping center is the dominant component. |
| Other | All other shopping-center type properties. |