Shopping centers or shopping malls represent a collection of a variety of stores and, depending on the size of the center, they may also include food court and entertainment facilities. In order to understand the underlying rational of the different typologies of shopping malls one needs to understand first the drivers of locational demand for retail space
UP has successfully designed, permitted, and developed retail centers anchored by national retailers including but not limited to Walmart, Home Depot, Lowes, Target, Meijer, Kroger, Publix, Belk's, ToysRus/BabysRUs, and Dicks Sporting Goods, to name a few.
Locational demand for retail space and store locational patterns with respect to consumers depend on the characteristics of the goods/services sold and, specifically, how homogeneous (standardized) they are, and how frequently consumers need to buy them.
Goods and services sold by retailers can be classified into four major categories, based on how homogeneous they are and how frequently they are purchased. Listed below are the 5 Most commen commercial property development types that are built to meet those demands. Follow the links for more detail, or contact us now for free consultation.