A Shopping Center is a collection of retail stores sharing a common parking area and often anchored by one or more large department, discount, or food stores. These centers can range from small strip shopping centers to large regional or super-regional malls. Shopping centers play a crucial role in the urban landscape by centralizing retail opportunities and providing convenience to consumers.
Types of Shopping Centers
Strip Shopping Centers
Strip shopping centers are the smallest type of shopping centers, typically consisting of a row of stores with a common parking area. They generally do not have an ANCHOR TENANT, which is a major retail store that draws the public to the center.
Neighborhood and Community Centers
Larger than strip shopping centers, neighborhood and community centers often include a mix of various retail stores such as grocery stores, drugstores, and supportive retail. They serve the daily needs of the local community and may include at least one ANCHOR TENANT.
Regional and Super-Regional Malls
These are the largest types of shopping centers and are designed to attract shoppers from a broad geographic area. They typically have multiple ANCHOR TENANTS and include a wide range of retail stores, entertainment options, and food courts. Regional malls are usually enclosed, while super-regional malls boast numerous amenities and extended retail options.
Key Features
Common Parking Area
A common parking area is a hallmark of shopping centers, providing convenience for shoppers and ensuring easy access to all stores within the center.
Anchor Tenants
Anchor tenants are major retail stores that generate significant foot traffic, thereby benefiting smaller retailers within the center. Examples include department stores like Macy’s or discount stores like Target.
Enclosed Malls
Larger shopping centers, especially regional and super-regional malls, often feature enclosed walkways or malls, offering a controlled environment for shopping activities.
Historical Context
The concept of the shopping center has evolved significantly since its inception in the early 20th century. The Southdale Center in Edina, Minnesota, which opened in 1956, is recognized as the first fully enclosed shopping mall in the United States and set the benchmark for modern shopping centers.
Applicability and Trends
In recent years, shopping centers have adapted to changes in consumer behavior, including the rise of e-commerce. Emphasizing experiential retail, many modern shopping centers incorporate entertainment, dining, and social spaces to attract visitors.
Related Terms
- Anchor Tenant: A major retail store that attracts foot traffic to a shopping center.
- Retail Store: A business that sells goods directly to consumers.
- Commercial Real Estate: Property used exclusively for business-related purposes.
- Urban Planning: The planning and development of urban areas.
FAQs
What is the difference between a strip shopping center and a mall?
Why are anchor tenants important?
How have shopping centers adapted to the rise of e-commerce?
References
- International Council of Shopping Centers (ICSC): www.icsc.com
- Urban Land Institute (ULI): www.uli.org
Summary
Shopping centers are pivotal components of urban retail landscapes, providing centralized hubs for shopping, dining, and social activities. From small strip centers to expansive regional malls, they offer varied retail experiences and continue to evolve with changing consumer behaviors and technological advancements.
