What is meant by power center?
Power centers are large outdoor shopping malls—generally including three or more big “box stores.” Other stores in a power center can include smaller retailers and restaurants that are either free-standing or located in strip plazas and surrounded by a shared parking lot.
How many power centers are in the US?
2,258 power centers
By January 2017, there were 2,258 power centers in the United States with a combined gross leasable area of 990,416,000 square feet (92,012,700 m2), which was 13% of the combined gross leasable area of all shopping centers in the United States.
What are the different types of shopping centers?
These primary shopping center types are: The corner store, convenience center, neighborhood center, community center, regional center, and the lifestyle (town) center. In addition, each of these center types can be “supersized” or increased by 30 to 50 percent.
What is a lifestyle shopping center?
A lifestyle center is a shopping center, or mixed-use commercial development that combines retail with other services, such as restaurants, movie theaters, apartment complexes, medical services, and more.
What are community shopping centers?
Definition: A retail property offering a wider range of apparel and general merchandise than a neighborhood center. Discount department stores (e.g., Wal-Mart, Kmart and Target).
What is a super regional shopping center?
Super-Regional Mall: A super-regional center is a large shopping center that typically covers around 800,000 square feet of gross leasable area (GLA), with three or more anchor tenants who occupy 50% to 70% of the total leasable space.
What are shopping Centres in the US called?
A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof.
What is the largest classification of shopping centers?
It varies from 70 to 225 stores, serves a radius of 5 to 15 miles and is supported by 50,000 to 150,000 families. Its size ranges from 300,000 to 800,000 square feet. The largest type is called a super regional shopping center.
What do you call a small shopping area?
Smaller strip malls may be called mini-malls, while larger ones may be called power centers or big box centers. In 2013, The New York Times reported that the United States had 65,840 strip malls. In the UK, strip malls are called retail parks or retail outlets. In Canada, strip malls are called plazas.
What’s the biggest shopping Centre in the world?
Dubai Mall – Dubai, United Arab Emirates At over 12 million square feet (equivalent to more than 50 soccer fields), the Dubai Mall is the largest shopping mall in the world based on total area.