Definition: Shopping Centre are providing retail for short-, medium, and long-term demand. They are characterised by:- spatial concentration of retail establishments with restaurants and services of different sizes
- generous supply of parking space
- central management or administration
- joint public appearance of all tenants in certain situations (e.g. advertising, events, etc)
- the total retail space is usually 10,000 sqm or more
Retail Parks are usually defined by: - usually locations at urban fringe or green field
- good communications, easily accessible from within the wider catchment area
- ground floor premises and mostly ground floor parking
- unostentatious, functional interiors - few chrome and marble -and generally show lover levels for rent and extra costs.
Data:
Source: own research by bulwiengesa AG |