Classification retail real estate

Classification retail real estate

By type of building and the features of its space-planning decisions:

  • Built-on premises
  • Stand-alone buildings
  • Trade centers (facilities, including several buildings)

The types and features of the device:

  • Shop-warehouse (has landscaped grounds, sheds, warehouses)
  • Shop (stationary building or part of it, having lots)
  • Pavilion (equipped buildings with showroom and storage products)
  • Kiosk (equipped with commercial equipment room)
  • Tent (nonstationary, demountable building)

The range of goods sold and the size of retail space:

Given the product specialization:

  • Mixed (leading trade both food and non-food items)
  • Universal (implementing universal range of food and non-food products – a supermarket, department store, etc.)
  • Combined (implementing several product groups, united by common demand)
  • Specialized (selling goods one product group)
  • Niche (selling goods of the commodity group – for example, one brand)

The size and orientation:

  • Hypermarkets / supermarkets
  • Great food and non-food shops
  • Average food and non-food shops
  • Small food and non-food shops

Shopping centers

Shopping Center – a set of trade, services, catering and entertainment, selected in accordance with the concept and operating in specially planned building (or building complex) located in professional management and maintained as a single functional unit.

Classification of shopping centers

All types of shopping centers are different to customer’s needs and are classified according to the size of the center, the location and tenants / retailers that are present in them. Often when determining the type of shopping center accounted for and consumer groups or target customers. The following are the classification of shopping centers developed Urban Land Institute.

Settlements and Neighborhood Shopping Center (Convenience Center). Microdistricts TC carry out the sale of convenience goods (food, drugs, etc.) and public services (in which there is a daily need of buyers adjacent shopping area). Consist of at least three stores, the total leasable area (GLA) which is typically 2800 m. and can range from 1,500 to 3,000 square meters. The main operator (anchor) in most cases, is a mini-market. Shopping area – area 5-10 minutes walk, and the number of buyers – up to 10 000 people. An example of such centers can serve as the former Soviet supermarkets, large food and manufactured goods stores, reduce the area of the main trade and tenants who have passed part of the areas (pharmacy, laundry, video, household goods, photo, etc.).

The District shopping center (Neighborhood Center). district centers offer convenience goods (food, drugs, and sundries) and services (laundry, barber, shoe repair, for example) to meet the daily needs of residents. The anchor tenant, usually a supermarket, mini-anchors may be a pharmacy, hardware store. Accompanying tenants are clothing stores and footwear, accessories, perfumes, sports goods, etc. Gross Leasable Area data TC mainly is 5,600 square meters., In practice, can vary from 3,000 to 10,000 square meters. Primary trade area district shopping center includes a 3,000 to 40,000 people in the 5-10 minute drive on a personal or public transport.

The District shopping center (Community Center). District shopping center offers a wide range of goods and services, with a large selection of “soft” products (men’s, women’s, children’s and casual wear) and “hard” (metal products, power tools, household appliances). For this category of TC characterized by a deep range and a wider range of prices than in the regional shopping center.Many centers are built around a children’s department (junior department store), discounted, department stores, large pharmacy (drug store), department stores, selling a variety of goods, often at reduced prices (variety store). Although the district shopping center has a full line department store, they will have a strong specialty shops. The typical size of a leasable area – 14 000 sq. m., But can range from 9,500 to 47,000 square meters. Primary trade area for the district shopping center is within a 10-20 minute drive, buyers are between 40 000 to 150 000.

Super community center (Super Community Center). Centers corresponding profile from the district center, but having an area of over 23,000 square meters. classified as super community. In exceptional cases, the area reaches 90,000 square meters. As a result, the district shopping center – the most difficult category of shopping centers to assess their size and service area.

Regional shopping center (Regional Center). Regional centers provide customers a wide selection of goods (clothing, furniture, household goods, etc.), different types of services, as well as recreational facilities. They are built around a full-line department stores 2.1, the area is usually not less than 5,000 square meters. Typical for this category of total leasable area 45,000 square meters., In practice, it ranges from 23 000 to 85 000 square meters. Regional centers provide services specific to business districts, but less diverse than in the super regional shopping center. Trade area for a regional shopping center is within a 30-40 minute drive, the number of consumers – 150 000 or more.

Super regional center (Super Regional Center). Offers a wide selection of products (clothing, furniture, home, etc.), services, recreation and entertainment. Built around three or more department stores measuring at least 7,000 square meters. each. Such a center is often a total leasable area of 93,000 square meters. In practice, the area varies from 50 000 and may exceed 150,000 square meters. Trade area for a super regional shopping center can be up to 1.5 hours drive, and the number of consumers – 300 000 or more.

Specialized shopping centers (Special center). There are many options these main categories, which you can combine specialized word, that is, it is a subtype of another, more or less traditional shopping center. Purpose shopping malls – these shopping centers that are very different or do not meet the requirements specified in the previous categories. For example, a regional shopping center, which has a group of specialty food stores (grocery store, butcher shop, vegetables / fruits, wine section), may be called a specialized regional center.

Specialized shopping centers are often divided by themes:

  • Entertainment (Entertainment)
  • Retail and Entertainment (Retail-Enertainment)
  • Discount (Off-price)
  • Household products (Home improvment)
  • Strip Center (Strip Center)
  • Historical (Historic)
  • Megamall (Megamall)
  • Lifestyle (Lifestyle)

There are also several types:

Specialized trade center (Speciality Shopping Center) This shopping center is a major anchor store audio, video and home appliances, household goods, furniture, etc. Accessories shops main specialization, shopping center and other, complementary range of basic operator, are associated.

Festival Centre (Festival Center) – the anchor is set of entertainment and catering, trade (gift shops and perfumes, clothing, shoes, accessories, gifts and jewelry.) Located, as a rule, in the cultural and historical sites of the city, in the central square.

Shopping Center Fashion (Fashion Center) – Shopping center fashion, usually at the center of the city, and often take the first (1 to 3) floors of retail and office centers. TC can be independent. The main tenants in them are female clothing stores, men’s clothing, shoes, shopping for the whole family and specialty stores, representing certain brands.

Outlet Center (Outlet Center). – in data centers carry trade enterprises – manufacturers of clothing and footwear, household appliances and electronics, construction and decoration materials, garden tools and equipment, tools, etc. As co-tenants are usually the service station, gas stations and other services. Can be placed in bedrooms and remote areas of the city.

Power Center (Power Center) – it stores arising from Super Community Center has the following characteristics: the area of 25 thousand square meters., at least one major anchor tenant (such as a department store or home goods with a total area of 10 thousand . sq. m.), as co-tenants can serve car wash, gas station and other services, and four or more small area of the anchor tenants of two thousand square meters. each, a few small shops, occupying a total of up to 1 thousand square meters. or 10-15% of the total retail space. Typically, these shopping centers are scattered buildings, combined into a single complex configuration resembling the letter «I» or “K”. Also in its composition may be present discounted-store, the center of trade catalogs, etc. Situated Power centers, in most cases, in residential areas and on the outskirts of the city near the highways.

Discount Center (Off-price Center). This shopping center is anchored discount stores of food, clothing and footwear, household goods, household appliances, etc. No related tenants. Such centers in the country do not. Shop discounter does not exceed 600-1000 items. One basic condition for the discounter – a network of shops to trade in a network of at least 40 (internationally). Typically, discounters located in residential and remote areas of the city.

Shopping and entertainment center (Retail-Enertainment center). This mall anchor stores are clothing and footwear, entertainment center and restaurants. Gift shops, accessories and service facilities serve as co.

Strip centers (strip center). Strip Center provides a linear configuration and, as a rule, is the building of L, U-shaped, or the number of stores, with a separate entrance and is independent. In other words, strip center does not have anchors and unified management, leading to a mix of tenants and to a situation where such an object does not fall under the definition of the shopping center. Tenants like shopping centers are food shops, dry goods, hardware stores, service facilities, etc. Strip centers are mainly located near the exit of the subway, in areas of intense pedestrian traffic.