Last but not least, the different classification of retail buildings:

  1. Neighborhood center - contains stores for convenience shopping of everyday needs, no indoor mall area, usually anchored by a grocery store
  2. Community center - wider range than a neighborhood center, might include more apparel and soft goods stores
  3. Freestanding - could be something small like a restaurant or drive-thru (on pads), usually not attached to other stores.  Larger buildings (big boxes - which usually have 120ft. bay depths) might fill a specific market need (like a Best Buy, Costco, Target, Barnes & Nobles)
  4. Regional center - the "mall" which is normally enclosed, connected by a common walkway, and surrounded by perimeter parking; holds all manner of retailers
  5. Super-regional center - multiple levels, the "mega-mall" (like Mall of America in Minnesota), more large anchor stores, deeper selection of stores and larger population base
  6. Power center - dominated by the large retailers or "big boxes", often will include "category killers" which are stores that offer tremendous selection at low prices such as shoes, pet supplies, sporting goods, etc. (think Petco, Office Depot, Wal-Mart)
  7. Fashion/specialty center - upscale apparel shops, boutiques and craft shops with high quality and corresponding prices; sophisticated; high income areas
  8. Theme/festival center - unifying theme usually built around entertainment that appeals to tourists, like a casino
  9. Outlet center - usually no anchors, just stores selling their brands at discounts
 
Post is included in group: Colorado Commercial Real Estate
Post is included in group: Commercial Property Haves / Needs

1 Comments on Commercial Property types - Retail

JUN
11
2007

Hi   Jeff !

Thanks for sharing this info with us. Keep posting !

Nalliah Thayabharan

Commercial and Residential Building Inspector

Expert Building Inspections Ltd

12:32pm • #1

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Jeff Tompkins

Denver, CO

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Advisor Commercial Realty/FirsTier Bank Mortgage

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