Tag: neighborhood
Articles tagged as Neighborhood
Neighborhood And Specialty Shopping Centers
Posted on January 9, 2024 by Nestor Villamil
Neighborhood shopping malls are often strip centers of 100,000 square feet or less with traffic generated frequently by a grocery and a drug store.The meals store and, to a smaller extent, the pharmacy generally are destination shopping stores that pay lower rent but generate high traffic.Local tenants pay higher rents, have an increased profit percentage but lower sales per square foot, and rely somewhat on impulse buying...