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Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [ 1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...
A power center [1] [2] or big-box center (known in Canadian and Commonwealth English as power centre or big-box centre) is a shopping center with typically 250,000 to 600,000 square feet (23,000 to 56,000 m 2) of gross leasable area [2] that usually contains three or more big box anchor tenants and various smaller retailers, [1] where the ...
A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.
Low-rise (less than 7 stories) Mid-rise (7–25 stories) High-rise (more than 25 stories), including skyscrapers (over 40 stories) Office buildings by quality [3] [4] Trophy or 5-star building: A landmark property designed by a recognized architect. Class A or 4-star building: Rents in the top 30-40% of the local market; well-located; above ...
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Sears Outlet provides in-store and online access to new, one-of-a-kind, out-of-carton, discontinued, obsolete, used, reconditioned, overstocked, and scratch-and-dented merchandise at a discounted price (at twenty to sixty percent off regular retail price) [33] [34] Each store, on average, is larger than 18,000 square feet in size. [35]
Retail format. The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by ...
Pad site. A pad site or outparcel is a freestanding parcel of commercial real estate located in the front of a larger shopping center or strip mall. [1] Desirable because of their visibility to consumers, accessibility, and the ease of facilitating drive-thru service, pad sites are typically sought after by banks, casual dining, and fast food ...
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