Panama City Real Estate

Retail Properties

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 consumer’s buying preferences. Retail properties fall into general categories such as regional malls, neighborhood shopping centers, commercial strip properties, and single-building properties.

Shopping Center

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, 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 ICSC’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 “L