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Regional Shopping Centers

regional

Regional shopping centers, which are typically anchored by one or two full-line department stores and offer a wide range of shop-per goods and specialized services, as well as some convenience goods. They typically include recreational facilities, and their size ranges from 800,000 to 2,000,000 square feet. Their area of influence extends up to a 45-60 minute drive from their location.

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Retail center formats are often being challenged, as retailers and developers seek strategies and shopping environment settings that will enable them to increase market share. For example, some other retail-center formats include super-neighborhood centers, which are neighborhood centers with larger anchors, off-price centers selling higher-end brand-name products at considerably reduced prices, and outlet centers, which represent a collection of outlet factory stores.