_Economy and Finance

Strip mall in Cornelius, Oregon Neighborhood center Neighborhood centers are small-scale malls serving the local neighborhood. They typically have a supermarket or a drugstore as an anchor, and are commonly arranged in a strip mall format. Neighborhood centers usually have a retail area of 30,000 to 150,000 square feet (2,800 to 13,900 m2), and serve a primary area in a 3-mile (4.8 km) radius. They are sometimes known as convenience centers. Description English: Strip mall in Cornelius, Oregon, off TV Hwy. Date 5 May 2009 Source http://commons.wikimedia.org/ Author M.O. Stevens Camera location . Permission Public Domain Licensing This work has been released into the public domain by its author. This applies worldwide. In some countries this may not be legally possible; if so: The author grants anyone the right to use this work for any purpose, without any conditions, unless such conditions are required by law. From Wikimedia Commons http://commons.wikimedia.org/ , h...

Classifications of Shopping Malls The International Council of Shopping Centers classifies shopping malls into eight basic types: neighborhood center, community center, regional center, superregional center, fashion/specialty center, power center, theme/festival center, and outlet center. Community Center [Wiki] Community centers (or community malls) are larger than neighborhood centers, and offer a wider range of goods. They usually feature two anchor stores which are larger than that of a neighborhood center's, e.g. a discount department store. They may also follow a strip configuration, or may be L- or U-shaped. Community centers usually feature a retail area of 100,000 to 350,000 square feet (9,300 to 32,500 m2) and serve a primary area of 3 to 6 miles (4.8 to 9.7 km). [Costar] A shopping center development that has a total square footage between 100,000 – 350,000 SF. Generally will have 2-3 large anchored tenants, but not department store anchors. Community Center typ...