Panama City Real Estate
Retail Properties are used exclusively to make and sell goods and services to a vast variety of consumers. The configuration of these properties is designed to meet a particular consumerâ€™s buying preferences. Retail properties fall into general categories such as regional malls, neighborhood shopping centers, commercial strip properties, and single-building properties.
A shopping center is a group of commercial establishments designed, built, and managed as a unit to serve the immediate trade area. It provides on-site parking in proportion to its size, type, and number of stores in the center.
The international Council of Shopping Centers (ICSC, http://www.icsc.org) provides the following shopping center descriptions.
Neighborhood center. This center is designed to provide convenience shopping for the day-to-day needs of consumers in the immediate neighborhood. According to the ICSCâ€™s publication, Shopping Center Operations, Revenues, and Expenses (SCORE), a supermarket anchors half of these centers, while about a third have a drugstore anchors. A neighborhood center usually id configured as an â€œL