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19 Cards in this Set
- Front
- Back
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Facts on retail space (3) |
(1) currently the U.S. has 20 square feet of retail space in shopping centers for every person (2) the highest country in the world (3) the second highest country: - Sweden - 3.1 square feet per person |
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Unplanned locations |
Unplanned locations do not have centralized management that determines what store will be in a development, where the specific store will be located, and how they will be operated. |
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Planned locations |
In planned locations, the shopping center developer and/or manager makes and enforces policies that govern store operations, such as the hours that a store must be opened. |
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Gross leasable area |
Gross leasable are (GLA) is the real estate industry's term for the total floor area designed for the retailer's occupancy and exclusive use, including any basements, mezzanines, or upper floors. |
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Freestanding sites |
Freestanding sites are retail locations for an individual, isolated store unconnected to other stores; however, they might be near other freestanding stores or near a shopping center. |
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Gentrification |
Gentrification: the renewal and rebuilding of offices, housing, and retailers in deteriorating areas - coupled with an influx of more affluent people that displaces the former, lower-income residents. *bringing population back to the cities |
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Central business district (CBD) |
The central business district (CBD) is the traditional downtown financial and business area in the city or town. Due to its daily activity, it draws many people and employees into the area during business hours. |
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Main street |
Main street refers to the traditional downtown shopping area in smaller towns and secondary shopping areas in large cities and their suburbs. |
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Inner city |
The inner city is a low-income residential area within a large city. Empty lots, buildings, and condemned houses attract criminals and street gangs that make living in the inner city dangerous. |
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Shopping center |
A shopping center is a group of retail and other commercial establishments that is planned, developed, owned, and managed as a single property. |
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Types of shopping centers (7) |
(1) Neighborhood and community centers (strip centers) (2) Power centers (3) Enclosed Malls (4) Lifestyle centers (5) Mixed-outlet developments (6) Outlet centers (7) Theme/festival centers |
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Neighborhood and community centers |
Convenience, neighborhood, and community shopping centers (also called strip shopping centers) are attached rows of open-air stores, with onsite parking usually located in front of the stores. |
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Power centers |
Power centers are shopping centers that consist primarily of collections of big box retail stores, off-price stores, warehouse clubs, and category specialists. |
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Shopping malls - regional (less than 1 M sq. ft) - super regional (more than 1 M sq. ft) |
Shopping malls are enclosed, climate-controlled, lighted shopping centers with retail stores on one or both sides of an enclosed walkway. Parking is usually provided around the perimeter of the mall. |
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Lifestyle centers |
Lifestyle centers are shopping centers that have an open-air configuration of specialty stores, entertainment, and restaurants, with design ambience and amenities such as fountains and street furniture. |
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Mixed use development (MXDs) |
Mixed use developments (MXDs) combine several different uses into one complex including retail, office, residential, hotel, recreation, or other functions. They are pedestrian oriented and therefore facilitate a live-work-play environment. |
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Outlet centers |
Outlet centers are shopping centers that contain mostly manufactures' and retailers' outlet stores. Some outlet centers have a strong entertainment component, including movie theaters and restaurants to keep customers on the premise longer. |
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Theme/festival centers |
In theme/festival centers, a unifying theme generally is reflected in each individual store, both in their architecture and the merchandise they sell. |
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Other location opportunities (4) |
(1) airports (2) resorts (3) store within a store (4) temporary or pop-up stores |
